Economic calendar: Fed speakers dominate calendar

• European indices seen opening lower

• Speeches from 4 Fed members in the evening

• Busy calendar in the later part of the week

Futures markets point to a lower opening of today's European cash session. While indices managed to recover from overnight lows, DAX futures continue to trade around 80 points below Friday's closing level. French President Macron won the first round of presidential elections but will face far-right candidate Le Pen in the second round on Sunday, April 24.

Economic calendar for the first day of a new week is empty. There are no major economic releases scheduled apart from speeches from Fed members. Those may boost volatility in the USD market in the evening as US central bankers are likely to be asked about their views on rates and balance sheet.

While today's economic calendar is almost empty, the schedule of macro releases in the later part of the week looks much more busy. Investors will be offered US CPI print for March tomorrow and US retail sales data on Thursday. Apart from that, traders will be offered rate decisions from BoC, ECB and CBRT. Last but not least, Wall Street earnings season begins this week with major financial institutions being the first to report Q1 2022 results.

Central bankers' speeches

• 2:30 pm BST - Fed Bostic

• 2:30 pm BST - Fed Bowman

• 5:00 pm BST - Fed Williams

• 5:40 pm BST - Fed Evans

Key events in the remaining part of the week

Tuesday

• 1:30 pm BST - US, CPI inflation for March

Wednesday

• 1:30 pm BST - US, PPI inflation for March

• 3:00 pm BST - Bank of Canada rate decision

• Q1 earnings from BlackRock and JPMorgan

Thursday

• 12:00 pm BST - CBRT rate decision

• 12:45 pm BST - ECB rate decision

• 1:30 pm BST - US, retail sales for March

• Q1 earnings from Citigroup, Morgan Stanley, Goldman Sach and Wells Fargo