What are the main events for today?

  • The German IFO report is the only highlight
news market moving 2

In the European session, we don't have much on the agenda other than the German IFO report. The data won't change anything for the ECB so it's unlikely to be market-moving unless we get big deviations.

In the American session, the calendar is pretty empty with the only highlight being the Dallas Fed Manufacturing Index. This report is rarely market-moving though and certainly won't change anything for the Fed.

So, the markets will likely trade based on the risk-on sentiment triggered by the positive US-China trade news over the weekend.

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