European session
In European trading, we don’t have much on the agenda except for some low-key releases like Italian Consumer Confidence and French Unemployment Claims. The data will not change anything for the ECB, so the market reaction will be weak.
American session
In the US session, we have the final consumer confidence report from the University of Michigan. Preliminary data showed an improvement in consumer sentiment and a decline in inflation expectations due to the end of the US-Iranian war and a decline in oil prices. The final data is likely to show an upward revision but the market reaction is likely to be weak.
Central Bank spokesmen
- 07:00 GMT / 03:00 ET – ECB’s Pereira (Neutral – Voter)
- 08:30 GMT / 04:30 ET – ECB Nagel (hawkish votes)
- 15:30 GMT / 11:30 ET – Fed’s Kashkari (hawkish – voter)
- 16:00 GMT / 12:00 ET – ECB’s Vujčić (Neutral – Voter)
This article was written by Giuseppe DellaMotta on Investinglive.com.
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