Economic calendar: Fed and ECB speakers, retail sales from Canada

• European indices set for flat opening

• Canadian retail sales for October, API report on US oil inventories

• Speeches from 3 Fed and 3 ECB members

European index futures point to a flat opening of the cash session on the Old Continent today. This comes after a downbeat Wall Street session yesterday and an upbeat trading in China today. Antipodean currencies - AUD and NZD - are G10 top performers while US dollar lag the most. Weakening of USD provides a lift for precious metals with gold trading 0.3% higher at press time. Major cryptocurrencies are trading little changed with Bitcoin holding below $16,000 mark.

Economic calendar for the day ahead is light but not as light as it was yesterday. Traders will be offered jobs and industrial production data from Poland in the morning as well as rate decision from Hungarian central bank in the early afternoon. When it comes to North American session, the only noteworthy readings are Canadian retail sales and API report on oil inventories. However, major currencies, especially EUR and USD, may see some volatility throughout the day coming from central bankers' speeches.

9:00 am GMT - Poland, jobs data for October.

• Employment change. Expected: 2.2% YoY. Previous: 2.3% YoY

• Wage growth. Expected: 14.0% YoY. Previous: 14.5% YoY

9:00 am GMT - Poland, industrial production for October. Expected: 7.8% YoY. Previous: 9.8% YoY

1:00 pm GMT - Hungarian central bank rate decision

1:30 pm GMT - Canada, retail sales for September.

• Headline. Expected: -0.5% MoM. Previous: 0.7% MoM

• Ex-auto. Expected: -0.6% MoM. Previous: 0.7% MoM

3:00 pm GMT - US, Richmond manufacturing index for November. Expected: -6.0. Previous: -10.0

9:40 pm GMT - API report on US oil inventories. Expected: -0.5 mb. Previous: -5.83 mb

Central bankers' speeches

• 9:00 am GMT - ECB Holzmann

• 10:15 am GMT - ECB Rehn

• 4:00 pm GMT - Fed Mester

• 5:00 pm GMT - BoE Rogers

• 6:00 pm GMT - ECB Nagel

• 7:15 pm GMT - Fed George

• 7:45 pm GMT - Fed Bullard

Top US earnings reports

• Best Buy (BUY.US) - before market open

• Dollar Tree (DLTR.US) - before market open

• Warner Music Group (WMG.US) - before market open

• HP (HPQ.US) - after market close