- European indices set to open higher
- ECB minutes, US CPI data for September
- EIA reports in the spotlight after API signaled massive oil inventory build
European index futures point to a higher opening of the European cash session today. Lack of clear hawkish remarks in FOMC minutes released yesterday allowed US indices to extend recent gains and set the tone for an upbeat Asia-Pacific session. Run-up to the launch of European cash session is also looking promising with DAX futures (DE30) trading 0.4% higher on the day.
Economic calendar for the European morning trade is empty but things get more interesting in the afternoon. Traders will be offered ECB minutes at 12:30 pm BST followed by the US CPI report for September an hour later. It should be noted that PPI data released yesterday showed an unexpected acceleration in producers' price growth. Energy traders will focus on EIA report on natural gas and oil inventories. The latter will be watched closely after API private report released yesterday suggested a massive, almost-13 million barrel build in headline crude inventories. Last but not least, a number of ECB, Fed and BoE will deliver speeches today and it may add to volatility on the FX market.
Start investing today or test a free demo
Open real account TRY DEMO Download mobile app Download mobile app12:30 pm BST - ECB minutes
1:30 pm BST - US, CPI inflation for September.
- Headline. Expected: 3.6% YoY. Previous: 3.7% YoY
- Core. Expected: 4.1% YoY. Previous: 4.3% YoY
1:30 pm BST - US, initial jobless claims. Expected: 210k. Previous: 207k
3:30 pm BST - EIA report on natural gas storage. Expected: +85 bcf. Previous: +86 bcf
4:00 pm BST - EIA report on oil inventories.
- Oil inventories. Expected: +1.3 mb (API: +12.94 mb)
- Gasoline inventories. Expected: -1.9 mb (API: +3.64 mb)
- Distillate inventories. Expected: -1.2 mb (API: -0.55 mb)
Central bankers' speeches
- 8:40 am BST - ECB Elderson
- 9:30 am BST - ECB Villeroy
- 10:00 am BST - BoE Pill
- 10:00 am BST - ECB Holzmann
- 11:00 am BST - ECB Knot
- 11:50 am BST - ECB Vujcic
- 12:00 pm BST - ECB Panetta
- 6:00 pm BST - Fed Bostic
- 9:00 pm BST - Fed Collins
The content of this report has been created by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, (KRS number 0000217580) and supervised by Polish Supervision Authority ( No. DDM-M-4021-57-1/2005). This material is a marketing communication within the meaning of Art. 24 (3) of Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU (MiFID II). Marketing communication is not an investment recommendation or information recommending or suggesting an investment strategy within the meaning of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC and Commission Delegated Regulation (EU) 2016/958 of 9 March 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the technical arrangements for objective presentation of investment recommendations or other information recommending or suggesting an investment strategy and for disclosure of particular interests or indications of conflicts of interest or any other advice, including in the area of investment advisory, within the meaning of the Trading in Financial Instruments Act of 29 July 2005 (i.e. Journal of Laws 2019, item 875, as amended). The marketing communication is prepared with the highest diligence, objectivity, presents the facts known to the author on the date of preparation and is devoid of any evaluation elements. The marketing communication is prepared without considering the client’s needs, his individual financial situation and does not present any investment strategy in any way. The marketing communication does not constitute an offer of sale, offering, subscription, invitation to purchase, advertisement or promotion of any financial instruments. XTB S.A. is not liable for any client’s actions or omissions, in particular for the acquisition or disposal of financial instruments, undertaken on the basis of the information contained in this marketing communication. In the event that the marketing communication contains any information about any results regarding the financial instruments indicated therein, these do not constitute any guarantee or forecast regarding the future results.
