The greenback held a contact firmer to begin the brand new week however is holding little modified general at this time. It is nonetheless early in fact however in Europe, the euro might be in focus amid a number of information releases to come back. We’ll be getting Q2 preliminary GDP throughout the euro space alongside inflation knowledge from Spain and Germany.
That can make for some curiosity, with merchants pricing in ~68% odds of an ECB charge reduce for September at present.
Moreover that, broader markets might be eyeing main central financial institution choices nonetheless to come back later this week. The BOJ and Fed will function tomorrow whereas the BOE might be on the agenda on Thursday.
Wall Road closed with a extra tentative temper yesterday however US futures are barely decrease at this time. S&P 500 futures are down 0.3% as traders are holding guarded forward of key earnings releases through the week.
Later at this time, the large one to look at might be Microsoft after the market shut. Apart from that, AMD (after hours), PayPal (pre-market), Starbucks (after hours), BP (pre-market), and Rio Tinto (after hours) may also be reporting.
0530 GMT – France Q2 preliminary GDP figures
0700 GMT – Spain Q2 preliminary GDP figures
0700 GMT – Spain July preliminary CPI figures
0700 GMT – Switzerland July KOF main indicator index
0800 GMT – Germany Q2 preliminary GDP figures
0800 GMT – Italy Q2 preliminary GDP figures
0900 GMT – Eurozone Q2 preliminary GDP figures
0900 GMT – Eurozone July last shopper confidence
0900 GMT – Eurozone July financial, industrial, companies confidence
1200 GMT – Germany July preliminary CPI figures
That is all for the session forward. I want you all one of the best of days to come back and good luck together with your buying and selling! Keep secure on the market.