Final inflation figures for Germany and Spain for April expected
The mood for risk remains lukewarm, the dollar holding its ground after a strong overnight session, where we saw US-Chinese tensions continue to escalate and chairman of Fed Powell offered a step back from negative rates.
Asian stocks are down after another difficult period for US stocks overnight, while the Aussie is under pressure after a report on softer jobs earlier in the day.
Despite yesterday’s fall, the S&P 500 at least prevented a drop below the 2800 level. Let’s see if the dip buyers will be convinced to intervene before the end of the week or if there will be a new theme / range potentially developed on the market.
0600 GMT – Germany April wholesale price data
0600 GMT – Germany April final CPI figures
06:30 GMT – Switzerland April producer and import prices
0700 GMT – Spain Final figures for the April CPI
0800 GMT – The ECB publishes its latest economic bulletin
So at 1030 GMT we will hear BOE Governor Andrew Bailey as he talks in a webinar, but I will detail this in more detail in a separate article.
That’s all for the coming session. I wish you all the best days ahead and good luck with your trading! Stay safe there.