Tuesday, February 7, 2023

Economic Calendar: Europe PMI

  • European markets are expected to rise
  • US, UK and Canada markets are closed due to holidays
  • European Manufacturing PMI Releases

European stock indices are expected to open higher in today’s session after a quiet Asian session due to closed markets in Australia, New Zealand, China and Japan. Also, today is a holiday for investors in the US, UK and Canada. Other markets will also remain closed, hence liquidity conditions will be tight (more details below). Economic calendar comes with some data. European manufacturing PMIs for December will be released later in the day, however, readings for major economies: Germany and France will be revised and should not have a major impact on the markets. Things will get more interesting as the week progresses with the US NFP report, FOMC meeting minutes, ISM Manufacturing & Services PMI and job openings. In Europe, inflation rates for December will be announced for the Eurozone, Germany, France and Switzerland.

8:15 GMT – PMI Manufacturing for Spain, Dec. Expected: 46.2. Previous: 45.7

8:45 GMT – PMI Manufacturing for Italy, Dec. Expected: 48.5. Previous: 48.4

8:50 GMT – PMI Manufacturing (Final) for France, December. First review: 48.9

8:55 GMT – PMI Manufacturing (Final) for Germany, December. First review: 47.4

9:00 AM GMT – PMI Manufacturing (Final) for Eurozone, December. First review: 47.8

Trading in the following instruments will remain closed today:

AUS200, Aluminium, Copper, Nickel, Zinc, US2000, US500, US100, US30, TNOTE, NATGAS, OIL.WTI, Gold, Silver, VIET30, Corn, Soybean, Wheat, Soyoil, Gasoline, Leanhogs, Cattle, CH50cash, IND50cash, Sugar, Coffee, Cocoa, Cotton, Volex, VIX, USDIDX, UK100, Oil, SUI20, Palladium, Platinum, USDCLP, RUS50, JAP225, HKcomp, CHNcomp

“This report is provided for general information and educational purposes only. No opinion, analysis, price or other material constitutes investment advice or recommendation under the law of Belize. Past performance does not necessarily indicate results.” and any person acting on this information does so at his own risk. XTB will not accept liability for any loss or damage, including without limitation any loss of profit, whether direct or indirect may arise from the use of or reliance on such information. Contracts for Difference (“CFDs”) are leveraged products and carry a high degree of risk. Make sure you understand the associated risks.”

Nation World News Desk
Nation World News Deskhttps://nationworldnews.com
Nation World News is the fastest emerging news website covering all the latest news, world’s top stories, science news entertainment sports cricket’s latest discoveries, new technology gadgets, politics news, and more.
Latest news
Related news