European markets expected to open slightly higher
Biden to propose economic stimulus plan on 0:15 am GMT
German 2020 GDP, ECB minutes and US jobless claims
European markets are expected to launch today's cash session slightly higher. Joe Biden is expected to make a speech on his economic stimulus plan 15 minutes past midnight GMT time. According to media reports, he will present a stimulus package worth $2 trillion. Apart from that, investors will be offered speeches from 4 Fed members, including Chairman Powell. When it comes to data releases, German 2020 GDP report, ECB minutes and US jobless claims can be seen as potential risk events for markets.
9:00 am GMT - Germany, 2020 GDP report. Expected: -5.1% YoY. Previous: 0.6% YoY
12:30 pm GMT - ECB minutes.
1:30 pm GMT - US, jobless claims. Expected: 780k. Previous: 787k
3:30 pm GMT - EIA natural gas storage. Expected: -129 bcf. Previous: -130 bcf
0:15 am GMT - Biden speaks on vaccination plan and economic stimulus.
Central bankers' speeches
2:00 pm GMT - Fed Rosengren
4:00 pm GMT - Fed Bostic
5:30 pm GMT - Fed Chairman Powell
6:00 pm GMT - Fed Kaplan