Russia Vs. Ukraine - EU Leaders Meet Again, UK Releases Its Retail Sales And In The US We Get To Know German Ifo Business Climate Index

US Inflation Data And Gold & Silver Benefit From Softer USD

Situation in Europe remains global number one as war persists. Even President of The USA, Joe Biden travels to Brussels and Poland to discuss the ongoing war.

The day begins with the highly-awaited release of UK Retail Sales which takes place 7 a.m. Previously this indicator amounted to 1.9%. Two hours later we head to Germany, when German Ifo Business Climate Index goes public. The previous one hit 98.9. One hour later, so at 10 a.m. EU Leaders meet and are expected to continue talks linked with the ongoing Russian-Ukrainian war which keeps people, but also investors, companies and markets as a whole uncertain. Natural gas price got back to high levels, crude oil price rises as well. Will there be any new sanctions? In the afternoon it’s time to have a look at the US Pending Home Sales (MoM) indicator which is presented at 2 p.m. hitting -5.7% previously.

EU Leaders Meet Again, UK Releases Its Retail Sales And In The US We Get To Know German Ifo Business Climate Index - 1

Source/Data: Investing.com Economic Calendar

US Inflation Data And Gold & Silver Benefit From Softer USD

Mikołaj Marcinowski

Business Development Manager FXMAG

Journalist, finance passionate