A preview of what's to come in European trading today
Good day, everyone! Hope you're all doing well as we get the session underway. We'll be getting a surprise guest during the session in the form of Fed chair Jerome Powell as he is due to speak in Zurich at an SNB/IMF event.
Let's get into things, shall we?
0545 GMT - Switzerland April unemployment rate
Prior release can be found here. A minor data point.
0600 GMT - Germany March trade balance data
0600 GMT - Germany March industrial production data
Prior reports can be found here and here respectively. Not major data points by any means, but again provides an indication of the German economy. Do note that this is Q1 data, which is expected to be a bit softer.
0715 GMT - Fed chair Jerome Powell speaks in Zurich
Powell will be speaking on a panel on the topic of "Monetary policy influences on global financial conditions and international capital flows". There will also be a Q&A session with the moderator.
0730 GMT - UK April Halifax house price index
Prior report can be found here. Measures the change in house prices as financed by Halifax Bank of Scotland. A general indicator of the UK housing market, not a major data point by any means.
1000 GMT - US April NFIB small business optimism index
Prior release can be found here. This is an index which measures the opinion of small businesses on the economic conditions in the country. A minor data point.
That's all for the European session today. I wish you all a great day ahead and as always, good luck with your trading!
