A preview of what's to come on the calendar in the European trading session today
Happy Friday, everyone! Hope you're all doing fine and had a great time with all that's been happening in Davos over the last two days. If you're worried that the party ended too soon, fret not as we still have another day of fun-filled action in Switzerland today!
If you want to check out what's on the agenda today, you can go here and filter it to today's date. But do note that these people are known to randomly speak to reporters around, so headlines are flying about everywhere throughout the day.
Anyway, here is what's on the calendar - the known and the usual stuff - for today's European session:
0745 GMT - France January business and consumer confidence
A general sentiment indicator of the French economy. Not a big deal, but the numbers have been improving so there shouldn't be much else to expect. Prior figures can be found here (business and consumer).
0900 GMT - Eurozone December M3 money supply growth y/y
Credit growth numbers for the Eurozone. Not one that is to be bothered with to be honest. Prior readings here.
0930 GMT - UK Q4 2017 preliminary GDP figures
The bigger data point on the day, but do note that this is the preliminary reading. Usually not much of a reaction, but let's see if the market will react to further negativity in household consumption if it turns out sour again. The q/q reading is expected at +0.4% while the y/y reading is expected at +1.4%. Q3 figures can be found here.
That's about it on the day. A rather light one on the calendar, but do expect more headlines to come from Davos later on.
Anyway, I hope you all have a great day ahead and as always, good luck with your trading!
