Economic calendar: US CPI data in the spotlight

• European markets expected to open flat

• US CPI data in the spotlight

• Earnings reports from NIO and Blink Charging

Futures markets point to a more or less flat opening of today's cash session in Europe. Release of the US CPI data for July is a key event of the day. Market expects small deceleration in headline and core price growth. However, data surprised to the upside during the past three releases so another acceleration cannot be ruled out. Oil traders will be offered DOE report. NIO, Ebay and Blink Charging will report Q2 earnings after close of the Wall Street session today.

9:00 am BST - Italy, CPI inflation for July. Expected: 1.8% YoY. Previous: 1.3% YoY

1:30 pm BST - US, CPI inflation for July.

• Headline. Expected: 5.3% YoY. Previous: 5.4% YoY

• Core. Expected: 4.3% YoY. Previous: 4.5% YoY

3:30 pm BST - DOE report

• Oil inventories. Expected: -1.1 mb

• Gasoline inventories. Expected: -1.7 mb

• Distillate inventories. Expected: -0.4 mb

Central bankers' speeches

• 3:30 pm BST - Fed Bostic

• 5:00 pm BST - Fed George

Top earnings reports of the day

• Blink Charging (BLNK.US) - after market close

• Ebay (EBAY.US) - after market close

• NIO (NIO.US) - after market close

• Wendy's (WEN.US) - before market open