There are no major economic reports scheduled for today.
The January consumer price index will be released on Tuesday. January retail sales will be released on Wednesday, and on Thursday we will get the January producer price index.
The technical aspects for stock index futures remain supportive.
CURRENCY FUTURES
The U.S. dollar index is a little lower despite recent hawkish comments from several Federal Reserve officials.
Interest rate differentials are neutral for the U.S. dollar index, and breakouts for the greenback are likely to fail in both directions.
The European Commission said the German economy will grow slightly this year, revising higher its previous prediction for a 0.6% contraction. The European Commission is now estimating 0.2% gross domestic product growth for Europe’s biggest economy in 2023.
The annual inflation rate in Switzerland increased to 3.3% year-on-year in January 2023, which is the highest reading since September 2022, from 2.8% in the previous month and above market expectations of 2.9%.
INTEREST RATE MARKET FUTURES
There are no Federal Reserve speakers scheduled for today.
However, recent Fed officials warned of higher interest rates than markets are anticipating.
Most likely the Federal Open Market Committee will increase its fed funds rate by 25 basis points at its March 22 policy meeting.
The long term outlook for futures is higher.
Interested in more futures markets? Explore our Market Dashboards here.
Risk Warning: Investments in Equities, Contracts for Difference (CFDs) in any instrument, Futures, Options, Derivatives and Foreign Exchange can fluctuate in value. Investors should therefore be aware that they may not realise the initial amount invested and may incur additional liabilities. These investments may be subject to above average financial risk of loss. Investors should consider their financial circumstances, investment experience and if it is appropriate to invest. If necessary, seek independent financial advice.
ADM Investor Services International Limited, registered in England No. 2547805, is authorised and regulated by the Financial Conduct Authority [FRN 148474] and is a member of the London Stock Exchange. Registered office: 3rd Floor, The Minster Building, 21 Mincing Lane, London EC3R 7AG.
Futures and options trading involve significant risk of loss and may not be suitable for everyone. Therefore, carefully consider whether such trading is suitable for you in light of your financial condition. The information and comments contained herein is provided by ADMIS and in no way should be construed to be information provided by ADM. The author of this report did not have a financial interest in any of the contracts discussed in this report at the time the report was prepared. The information provided is designed to assist in your analysis and evaluation of the futures and options markets. However, any decisions you may make to buy, sell or hold a futures or options position on such research are entirely your own and not in any way deemed to be endorsed by or attributed to ADMIS. Copyright ADM Investor Services, Inc.
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CPI & PPI Reports Later This Week
STOCK INDEX FUTURES
Stock index futures are higher on limited news.
There are no major economic reports scheduled for today.
The January consumer price index will be released on Tuesday. January retail sales will be released on Wednesday, and on Thursday we will get the January producer price index.
The technical aspects for stock index futures remain supportive.
CURRENCY FUTURES
The U.S. dollar index is a little lower despite recent hawkish comments from several Federal Reserve officials.
Interest rate differentials are neutral for the U.S. dollar index, and breakouts for the greenback are likely to fail in both directions.
The European Commission said the German economy will grow slightly this year, revising higher its previous prediction for a 0.6% contraction. The European Commission is now estimating 0.2% gross domestic product growth for Europe’s biggest economy in 2023.
The annual inflation rate in Switzerland increased to 3.3% year-on-year in January 2023, which is the highest reading since September 2022, from 2.8% in the previous month and above market expectations of 2.9%.
INTEREST RATE MARKET FUTURES
There are no Federal Reserve speakers scheduled for today.
However, recent Fed officials warned of higher interest rates than markets are anticipating.
Most likely the Federal Open Market Committee will increase its fed funds rate by 25 basis points at its March 22 policy meeting.
The long term outlook for futures is higher.
Interested in more futures markets? Explore our Market Dashboards here.
Risk Warning: Investments in Equities, Contracts for Difference (CFDs) in any instrument, Futures, Options, Derivatives and Foreign Exchange can fluctuate in value. Investors should therefore be aware that they may not realise the initial amount invested and may incur additional liabilities. These investments may be subject to above average financial risk of loss. Investors should consider their financial circumstances, investment experience and if it is appropriate to invest. If necessary, seek independent financial advice.
ADM Investor Services International Limited, registered in England No. 2547805, is authorised and regulated by the Financial Conduct Authority [FRN 148474] and is a member of the London Stock Exchange. Registered office: 3rd Floor, The Minster Building, 21 Mincing Lane, London EC3R 7AG.
A subsidiary of Archer Daniels Midland Company.
© 2021 ADM Investor Services International Limited.
Futures and options trading involve significant risk of loss and may not be suitable for everyone. Therefore, carefully consider whether such trading is suitable for you in light of your financial condition. The information and comments contained herein is provided by ADMIS and in no way should be construed to be information provided by ADM. The author of this report did not have a financial interest in any of the contracts discussed in this report at the time the report was prepared. The information provided is designed to assist in your analysis and evaluation of the futures and options markets. However, any decisions you may make to buy, sell or hold a futures or options position on such research are entirely your own and not in any way deemed to be endorsed by or attributed to ADMIS. Copyright ADM Investor Services, Inc.
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