Markets are skulking around, with powder being kept dry ahead of Powell later.
European inflation data was the main focus this morning - well, DEFLATION data if you want to look at the MoM figures.
Newsflow highlights.
- US MBA Mortgage Applications || -9% (Previous 7.0%)
- The @Newsquawk US Market Open: Relatively contained trade ahead of data, earnings & FOMC
- Eurozone CPI YoY Flash || 8.5% (Forecast 8.9%, Previous 9.2%)
- Nasdaq Composite Technical Analysis - All Eyes on FOMC
- UK S&P Mfg PMI Final || 47 (Forecast 46.7, Previous 46.7)
- Eurozone S&P Mfg PMI Final || 48.8 (Forecast 48.8, Previous 48.8)
- German S&P Mfg PMI Final || 47.3 (Forecast 47, Previous 47.0)
- French S&P Mfg PMI || 50.5 (Forecast 50.8, Previous 50.8)
- Italian S&P Mfg PMI || 50.4 (Forecast 49.5, Previous 48.5)
- Hong Kong GDP YoY Advance || -4.2% (Forecast -2.9%, Previous -4.5%)
- Swiss Manufacturing PMI || 49.3 (Forecast 54.2, Previous 54.1)
- Spanish S&P Manufacturing PMI: 48.4 (Forecast 48, Previous 46.4)
- The @Newsquawk FOMC Preview
- The @Newsquawk Euro Market Open: Tentatively firmer trade ahead of data
- U.K. Nationwide House Price Index MoM (Jan) || Act: -0.6% Prev: -0.1% Fcst: -0.3%
