- Futures point to conservative opening of European cash session
- Japanese yen gives back gains fueled by verbal FX interventions
- Investors' attention will turn to the BoE decision today
Yesterday's session on Wall Street somewhat cooled bullish investor sentiment. Slightly weaker sentiment from the US is resulting in a mixed session in APAC markets (with the only significant gains resuming in the Chinese market), where most benchmarks are losing ground. Futures also point to a lower opening to the session in Europe. In the FX market, the New Zealand dollar and the US dollar are currently performing best. Elevated declines are seen primarily in the Swiss franc and the Japanese yen.
The key macro events of the day will be the BoE decision, the Polish MPC decision and a number of speeches by central bankers. Below is the detailed macro calendar of the day:
All day - Decision of the Polish MPC on interest rates. Expectations: 5.75%. Previously: 5.75%.
12:00 am BST - BoE decision on interest rates. Expectations: 5.25%. Previously: 5.25%.
- Distribution of bankers' votes (hike-hold-lower). Expectations: 0-8-1; Previously: 0-8-1.
12:30 am BST - Press conference following BoE decision.
01:15 pm BST - ECB's Guindos speech.
01:30 pm BST - US weekly jobless claims data. Expectations: 215,000. Previously: 208 thousand.
03:30 pm BST - USA, data on the change in natural gas inventories. Expectations: 87 bcf. Previously: 57 bcf.
04:00 pm BST - BoC's Macklem speech
07:00 pm BST - FED's Daly speech