ECB interest rate: The European Central Bank will announce its interest rate decision, helping economists determine whether rates and inflation have peaked. A Refinitiv poll offers a consensus estimate of 3.75 per cent, or a 0.25 percentage point increase on the current rate.
Germany: GfK is to publish its consumer climate survey for Europe’s largest economy, with recent data suggesting a deepening of the eurozone’s economic downturn.
Russia-Africa summit: St Petersburg hosts the second such summit and economic forum. The Kremlin said on Wednesday that just 17 African heads of state would be attending, significantly down on 2019.
Earnings: Results season enters its most intense phase, with markets on the lookout for signs of supply chain issues and the economic impact of inflation and high interest rates. Companies reporting include mining multinational Anglo American, British bank Barclays, French retailer Groupe Casino, UK energy provider Centrica, carmaker Renault, TotalEnergies of France and oil major Shell.
