Economic calendar: DOE report and US earnings

• European markets seen opening flat

• DOE report due at 3:30 pm BST

• Coca-Cola and Johnson & Johnson among earnings reporters

European stock markets are set to open flat on Wednesday following strong recovery yesterday. The session ahead looks calm, at least when it comes to economic data releases. There are no top tier data releases scheduled for today. DOE report at 3:30 pm BST may boost volatility on the oil market, especially after yesterday's API signalled an unexpected build in crude inventories. A number of large US companies will publish Q2 earnings reports ahead of the Wall Street session open, including Coca-Cola or Johnson & Johnson. 

9:00 am BST - Poland, retail sales for June. Expected: 11.5% YoY. Previous: 19.1% YoY

3:30 pm BST - DOE report on oil inventories

• Oil inventories. Expected: -4.1 mb

• Gasoline inventories. Expected: -1.4 mb

• Distillate inventories. Expected: 0 mb

Top US earnings releases

• Anthem (ANTM.US) - before market open

• Baker Hughes (BKR.US) - before market open

• Coca-Cola Company (KO.US) - before market open

• Harley-Davidson (HOG.US) - before market open

• Johnson & Johnson (JNJ.US) - before market open

• Verizon Communications (VZ.US) - before market open