- European stock market set for higher opening
- US PPI inflation report for July
- Earnings report from Rivian (RIVN.US)
Futures markets point to a higher opening for the major European blue chips indices today. Upward move is mostly driven by softer-than-expected yesterday's US inflation numbers that may ease some pressure on the Federal Reserve from tightening more aggressively.
Economic calendar for the day ahead is light but includes some interesting releases. US PPI inflation and jobless claims data is unlikely to trigger major market moves but will provide an update on the condition of the US economy. Producer's inflation surged in recent months, however today the market expects deceleration in headline and core gauges. Apart from macro data, traders will also be offered earnings reports from several EV producers including Rivian.
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Open account Try demo Download mobile app Download mobile app1:30 pm BST - US, PPI inflation for July.
- Headline. Expected: 10.4% YoY. Previous: 11.3% YoY
- Core. Expected: 7.6% YoY. Previous: 8.2% YoY
1:30 pm BST - US, jobless claims. Expected: 263k. Previous: 260k
3:30 pm BST - EIA natural gas storage. Expected: 39 bcf. Previous: 41 bcf
Wall Street earnings releases
- Baidu (BIDU.US) - before market open
- Nio (NIO.US) - before market open
- Rivian (RIVN.US)- after market close
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