S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico Market
Today’s macroeconomic calendar is moderately busy, with several releases that could increase volatility across FX and bond markets. The main focus in Europe will be on eurozone retail sales and the UK Construction PMI. In the afternoon, attention will shift to the US and Canada, with the weekly ADP employment change, trade balance data, the EIA STEO report and the US 3-year Treasury auction all in focus. A series of speeches from Fed, ECB and BoE officials could also provide fresh market signals, particularly with bond yields still elevated and uncertainty surrounding the future path of interest rates.
Macroeconomic data
- 06:45 AM GMT – France: Industrial Production (MoM) – forecast 0.2% , previous -0.4% .
- 06:45 AM GMT – France: Budget Balance – previous -€145.91 billion .
- 07:00 AM GMT – Switzerland: Adjusted Unemployment Rate – forecast 3.1% , previous 3.1% .
- 07:00 AM GMT – Switzerland: Unadjusted Unemployment Rate – forecast 3.0% , previous 3.0% .
- 08:30 AM GMT – UK: Construction PMI – forecast 44.9 , previous 44.3 .
- 09:00 AM GMT – Eurozone: Retail Sales (YoY) – forecast 1.0% , previous 0.6% .
- 09:00 AM GMT – Eurozone: Retail Sales (MoM) – forecast 0.2% , previous -0.6% .
- 09:30 AM GMT – Germany: 2-Year Schatz Auction – previous yield 3.27% , bid-to-cover 1.3 .
- 12:15 PM GMT – US: Weekly ADP Employment Change – previous 20K .
- 12:30 PM GMT – US: Trade Balance – forecast -$102.05 billion , previous -$88.6 billion .
- 12:30 PM GMT – Canada: Trade Balance – forecast C$1.5 billion , previous C$0.77 billion .
- 12:55 PM GMT – US: Redbook (YoY) – previous 8.2% .
- 02:00 PM GMT – Canada: Ivey PMI – previous 64.3 .
- 04:00 PM GMT – EIA: Short-Term Energy Outlook (STEO) .
- 05:00 PM GMT – US: 3-Year Treasury Auction – previous yield 4.474% , bid-to-cover 2.720 .
- 08:30 PM GMT – US: API Gasoline Stocks Change – previous +2.991 million barrels .
- 08:30 PM GMT – US: API Distillate Stocks Change – previous -0.286 million barrels .
- 08:30 PM GMT – US: API Cushing Crude Oil Stocks Change – previous +0.233 million barrels .
- 08:30 PM GMT – US: API Crude Oil Stocks Change – previous +1.019 million barrels .
Central bank speeches
- 08:30 AM GMT – BoE: Catherine Mann
- 11:45 AM GMT – ECB: Zigman
- 01:00 PM GMT – ECB: Piero Cipollone
- 01:05 PM GMT – Fed: John Williams
- 02:45 PM GMT – Fed: Michelle Bowman
- 05:15 PM GMT – Fed: Jeffrey Schmid
