Economic calendar: Q2 earnings reports from Alphabet and Tesla

• European indices set for slightly higher opening
• Earnings reports from Alphabet and Tesla after Wall Street close
• Rate decisions from Turkey and Hungary

European index futures point to a slightly higher or flat opening of today's cash session for major blue chips indices from the Old Continent. This comes after a rather upbeat Asia-Pacific session, during which majority of regional indices gained. However, newsflow during the Asian trading was light and it is expected to remain so during the European trading hours amid lack of noteworthy macro releases. However, traders will be offered rate decision from Turkey and Hungary.

While economic calendar for today is almost empty and lack top-tier macro releases, situation looks completely different when we take a look at earnings calendar. Tesla and Alphabet will report earnings after close of the Wall Street session today, while companies like Coca-Cola, General Motores or GE Aerospace will reported their earnings before opening of the session.

9:00 am BST - Poland, unemployment rate for June. Expected: 4.9%. Previous: 5.0%

12:00 pm BST - CBRT rate decision. Expected: 50.00%. Previous: 50.00%

1:00 pm BST - National Bank of Hungary rate decision. Expected: 6.75%. Previous: 7.00%

3:00 pm BST - US, Richmond Fed index for July. Expected: -7. Previous: -10

3:00 pm BST - US, existing home sales for June. Expected: 3.99 million. Previous: 4.11 million

9:40 pm BST - API report on US oil inventories. Expected: +0.7 mb. Previous: -4.44 mb

Central bankers' speeches

• 8:00 am BST - ECB Lane

Top Wall Street earnings

• Comcast (CMCSA.US) - before market open
• GE Aerospace (GE.US) - before market open
• Alphabet (GOOGL.US) - after market close
• General Motors (GM.US) - before market open
• Coca-Cola (KO.US) - before market open
• Lockheed Martin (LMT.US) - before market open
• Philip Morris (PM.US) - before market open
• Spotify (SPOT.US) - before market open
• Tesla (TSLA.US) - after market close
• Texas Instruments (TXN.US) - after market close
• United Parcel Services (UPS.US) - before market open
• Visa (V.US) - after market close