- European market preparing to open at a lower level
- ZEW Alemano
- Canadian CPI data on calendar
- Walmart and Home Depot Quarterly Results
Futures markets point to lower openness in the European stock market session amid concerns about China and the global economic outlook. Investors should expect the market to remain moderate till the release of tomorrow’s FOMC minutes and retail sales data.
Today’s economic calendar is not empty but quite light. Investors will be offered the ZEW index for August during the European morning, followed by US housing and industrial production data and Canada’s CPI data in the afternoon. Oil may experience some short-term volatility overnight when the API report is released. New Zealand dollar traders should watch out for the dairy auction to be held around noon. Last but not least, earnings reports from Walmart and Home Depot will be released today ahead of the Wall Street session.
10:00am BST – ZEW index for Germany, Aug. Forecast: -53.8. Previous: -53.8
1:00 a.m. BST – Poland CPI core inflation for July. Expected: 9.2% p.a. Previous: 9.1% year-on-year
13:30 BST – Canada CPI inflation for July. Expected: 7.6%, Previous: 8.1% YoY
1:30 a.m. BST: US housing market data for July.
- construction permit. Forecast: 1.63 million. Previous: 1.7 million
- Homes started. Forecast: 1.53 million. Previous: 1.56 million
2:15 a.m. BST – US industrial production for July. Expected: 0.3% monthly. Previous: -0.2% Intermonthly
9:30am BST – API report on oil inventory. Anterior: +2.156 MB
Wall Street Earnings Release
- walmart (wmt.us) – before the market opens
- home depot (HD.US) – before the market opens
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