European markets seen opening flat
US CPI data for August due at 1:30 pm BST
According to the current situation on the futures markets, European stock indices are set for a more or less flat opening of today's cash session. Situation on the FX market is rather calm with major currencies not experiencing any major moves. The Australian dollar is an exception as it trades lower following dovish remarks from RBA Governor Lowe.
Economic calendar for today is quite light but there is one top-tier reading scheduled - US CPI report for August. Market expects a slight deceleration in consumer price growth - both headline and core. Note that the Fed will meet to decide on monetary policy next week therefore inflation data will be closely watched. Another acceleration may dent moods on the stock markets.
8:00 am BST - Spain, CPI inflation for August (final). First release: 3.3% YoY
1:30 pm BST - US, CPI inflation for August.
Headline. Expected: 5.3% YoY. Previous: 5.4% YoY
Core. Expected: 4.2% YoY. Previous 4.3% YoY
9:40 pm BST - API report on oil inventories. Expected: -2.5 mb
Central bankers' speeches
12:30 pm BST - Bundesbank President Weidmann
6:45 pm BST - ECB McCaul
FuelCell (FCEL.US) - before market open