
Europe to sell 42 million barrels from reserves over three months: what this means for oil prices
European countries will sell 42 million barrels of oil from strategic reserves over three months. France announced this, Bloomberg reports.
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European countries will sell 42 million barrels of oil from strategic reserves over three months. France announced this, Bloomberg reports.

Alphabet (Google's parent company) shares plunged almost 10% in after-hours trading following its quarterly report. On the morning of October 29, this dragged Nasdaq 100 futures down to 29,620 points.

A day of double macro statistics: first the US data block at 15:30, then the ECB rate decision at 16:15 and the press conference at 16:45. In the evening, reports from Amazon, Intel and Coinbase are added.

On October 20 the calendar is packed from night until late evening: at 04:15 Moscow time China announces its benchmark LPR rate, at 12:00 the ZEW indices for Germany and the Eurozone are released, at 15:15 - weekly ADP employment data for the US, and at 23:05 Netflix reports. The movement will be stretched across the whole day rather than gathered into a single candle.