Economic calendar: US jobless claims in focus

• European markets set to open slightly lower
• US jobless claims and producer price index for July 
• UK economy expands 4.8% in Q2

European stock markets are set to launch today's cash trading slightly lower, following a mixed performance of equities during the Asian session. Economic calendar for the European session is relatively quiet as the most important readings - UK prelim 2nd quarter GDP numbers along with industrial and manufacturing production data has already been released at 7:00 am BST. UK gross domestic product grew by 4.8 % in the latest quarter, recovering from a 1.6 % contraction in the previous three-month period.

When it comes to the US trading hours, investors will be offered wholesale inflation and weekly jobless claims figures. Following the strong NFP report, a marked fall in claims would support the greenback. Yesterday's inflation data triggered some uncertainty about further steps of the Fed. An impressive fall in jobless claims would reignite talk of a near-term move by the FED. A sharp decline in the number of jobless claims would increase expectations of an earlier tightening of the US monetary policy.

10:00 am BST - Eurozone, Industrial Production for June. Expected: 10.4% YoY. Previous: 20.5% YoY

1:30 pm BST - US, Producer Price Index for July. Expected: 7.3% YoY. Previous: 7.3% YoY 

1:30 pm BST - US, Core Producer Price Index for July. Expected: 5.6% YoY. Previous: 5.6% YoY 

1:30 pm BST - US, Initial Jobless Claims. Expected: 375k. Previous: 385k 

Top earnings reports of the day:

Palantir Technologies Inc. (PLTR.US) - before market open

Airbnb (ABNB.US) - after market close

Walt Disney (DIS.US) - after market close