• European stock markets set for slightly higher opening
• Speeches from Fed and BoE chiefs
• Revised European CPI data for March

European stock market indices are set for a slightly higher opening of today’s cash session. DAX futures currently trade around 40 points above yesterday’s cash close. ECB members struck more hawkish tone rate hikes, making EUR the best performing G10 currency. EURUSD is approaching 1.09 for the first time in a week.

There are few interesting macro releases scheduled for today but, unfortunately, neither of them is considered to be a top-tier market-moving event. European CPI data will be a revision and therefore should not have much of an impact on the markets. However, chiefs of Fed and BoE will deliver speeches today. Powell’s speech at 6:00 pm BST will be closely watched as it will be delivered during an IMF event and will touch on the topic of the global economy.

9:00 am BST – Poland, industrial production for March. Expected: 11.9% YoY. Previous: 17.6% YoY

9:00 am BST – Poland, jobs report for March.

• Employment change. Expected: 2.4% YoY. Previous: 2.2% YoY
• Wage growth. Expected: 10.5% YoY. Previous: 11.7% YoY

10:00 am BST – Euro area, CPI inflation for March (final). First release: 7.5% YoY

1:30 pm BST – US, Philadelphia Fed index for April. Expected: 21.0. Previous: 27.4

1:30 pm BST – US, jobless claims. Expected: 180k. Previous: 185k

Central bankers’ speeches

• 4:00 pm BST – Fed Chair Powell
• 5:30 pm BST – BoE Governor Bailey
• 6:00 pm BST – Fed Chair Powell

Top Wall Street earnings releases

• Alaska Air Group (ALK.US) – before market open
• American Airlines Group (AAL.US) – before market open
• AT&T (T.US) – before market open
• Dow (DOW.US) – before market open
• Philip Morris International (PM.US) – before market open