Market Update
The European session’s calendar is filled with various readings from European, Asian, and South African economies. However, these events are not expected to have a significant impact on the market. The EU Leaders’ Summit, scheduled to take place at 11:00 BST, is a key event to watch, particularly with the looming expiration of the US-China tariff suspension.
Today’s Calendar
The following events are scheduled to take place today:
- 09:30: UK – BoE’s Breeden speaks
- 10:45: EMU – ECB’s De Guindos speaks
- 11:00: EMU – EU Summit
- 12:00: Turkey – CBRT Meeting Minutes
- 12:00: EMU – ECB’s Schnabel speaks
- 13:00: US – Fed’s Barkin speaks
- 13:30: US – Initial Jobless Claims (Forecast: 244k; Previous: 245k)
- 13:30: US – GDP (3rd estimate) (Forecast: -0.2%; Previous: 2.4%)
- 13:30: US – Durable Goods Orders for May (Forecast: 8.6% m/m; Previous: -6.3% m/m)
- 13:30: US – Trade Balance for May (Forecast: -$86.3bn; Previous: -$86.97bn)
- 13:30: US – Fed’s Goolsbee speaks
- 13:45: US – Fed’s Barkin and Daly speak
- 15:00: US – Pending Home Sales Index (Forecast: 0.2% m/m; Previous: -6.3% m/m)
- 15:30: US – EIA Natural Gas Storage Change (Forecast: 88 bcf; Previous: 95 bcf)
- 18:15: US – Fed’s Barr speaks
- 19:30: US – ECB’s Lagarde speaks
Key Events to Watch
The EU Leaders’ Summit and the US economic data releases, including Initial Jobless Claims, GDP, and Durable Goods Orders, are the key events to watch today. These events have the potential to impact the market and influence trading decisions.
Conclusion
In conclusion, today’s market update is filled with various events that have the potential to impact the market. The EU Leaders’ Summit and the US economic data releases are the key events to watch, and traders should be prepared for potential market movements. It is essential to stay informed and up-to-date with the latest market news and analysis to make informed trading decisions.
