- The opening expectation of European indices is little changed
- EU Retail Sales Data
- factory orders in germany
European index futures contracts indicated a flat open for today’s cash session in Europe. The German DAX index is down 0.1% and is trading at around 15,945 points, while the Euro Stoxx 50 index is down 0.06% from the line.
Today’s macro calendar is relatively light for the US with no releases scheduled except for the weekly Crude Oil Inventory (API) report. however, In Europe, investors will find many interesting facts. In particular, factory orders data for Germany released at 08:00 CEST is in focus., The German economy has slowed significantly in recent weeks and orders indicate a continuation of contraction. MoM orders decreased by 0.4% against an expected increase of 3.0%. Then, at 11:00 CEST, Eurozone retail sales data will be released.
06:30am CEST, Australia: Interest Rate Decision. Up from 0.25% to 4.10%, Expected: 3.85%, Previous: 3.85%
08:00 CEST, Germany: Factory orders for April. Actual: -0.4% MoM, Expected: 3.0% MoM, Previous: -10.9% MoM. Current: -9.9% YoY, Previous: -11.2% YoY
11:00 AM CEST, EU – Retail Sales for April.
- Adjusted – Expected: 0.2%, Previous: -1.2%.
- Weighted: Expected: -3.0%, Previous: -3.8%
4:00 PM CEST, Canada – Ivey PMI. Expected: 57, Previous: 56.8
10:40 pm CEST, US – Crude Oil Inventory Report. Expected: 0.5 million, Previous: 5.2 million
“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 their own risk. XTB will not accept liability for any loss or damage, including without limitation any loss of profit, arising directly or indirectly from may arise from the use of or reliance on such information. Information. Contracts for Difference (“CFDs”) are leveraged products and carry a high degree of risk. Make sure you understand the associated risks.”