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Economic Calendar For Today

  • European indices set to open slightly lower
  • US factory orders data for February, durable goods orders revision
  • Speeches from Fed, BoE and ECB members

European stock market indices launched today’s cash session slightly higher. This comes after a mixed Wall Street trading yesterday and an upbeat session in Asia today. Situation on the oil market has calmed with WTI trading around 0.6% higher on the day, near $81 per barrel mark. Precious metals pulled back as the US dollar regained some ground. AUD is the worst performing major currency after the RBA decided to leave rates unchanged and changed wording of the statement making future hikes not so certain.

Economic calendar for today is light but includes some interesting releases. Traders will be offered PPI inflation reading for February from the euro area in the morning, followed by Canadian building permits data for February in the early afternoon. Revision of US durable goods orders data and first release of US factory orders will be offered at 3:00 pm BST. Oil traders will focus on US oil inventory change estimates by API. Last but not least, some ECB, BoE and Fed members are scheduled to deliver speeches in the afternoon and in the evening.

10:00 am BST – Eurozone, PPI for February. Expected: Expected: 13.3% YoY. Previous: 15.0% YoY

1:30 pm BST – Canada, building permits for February. Expected: 2.5% MoM. Previous: -4.0% MoM

3:00 pm BST – US, durable goods orders for February (final).

  • Headline. First release: -1.0% MoM
  • Ex-transport. First release: 0.0% MoM

3:00 pm BST – US, factory orders for February. Expected: -0.5% MoM. Previous: -1.6% MoM

9:40 pm BST – API report on oil inventories. Expected: -1.8 mb. Previous: -6.08 mb

Central bankers’ speeches

  • 10:15 am BST – BoE Tenreyro
  • 3:00 pm BST – ECB Centeno
  • 3:30 pm BST – BoE Pill
  • 6:30 pm BST – Fed Cook
  • 6:45 pm BST – Fed Collins
  • 11:45 pm BST – Fed Mester
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