Friday, January 27, 2023

Economic calendar: Central bankers dominate the calendar

  • European indices gear up for a wider open
  • No new announcement about easing of restrictions in China
  • Speeches by members of the ECB, SNB and BOC

European index futures point to a slightly bullish opening of the cash session in the Old Continent today. This comes after a bearish US session and mixed trade during today’s Asian session. In general, today you cannot trace major movements in the financial markets with trading in a tight range of commodities, cryptocurrencies and currency pairs. There were some rumors that Chinese officials may announce further easing of restrictions on COVID prevention and control at today’s press conference, but nothing major was announced.

The economic calendar for the next day is very light and does not include top-tier releases. The calendar is blank for the European session and when it comes to the US session, traders will only be offered the weekly jobless claims and natural gas inventory releases. However, there are several central bank speakers scheduled for today, including 2 from ECB President Lagarde. There will be no speech from Fed members as the lock-in period for the meeting is underway.

2:30 PM CEST – US, Weekly Unemployment Claims. Expected: 229k. Previous: 225k

16:30h CEST – EIA Natural Gas Storage. Expected: -31 Bcf. Previous: -81 Bcf

speeches of central bankers

  • 1:00 pm CEST – ECB President, Lagarde
  • 13:15h CEST – ECB, from Kos
  • 3:00 PM CEST – Glapinski, President of the NBP
  • 15:30 CEST – SNB, Machler
  • 17:00 CEST – BCE, Villeroy
  • 18:45 CEST – BoC, Kozhikode
  • 19:00 CEST – ECB President, Lagarde

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Nation World News Desk
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