Economic calendar: US stock exchanges remain closed due to a federal holiday

• European indices gains slightly
• Inflation reports from Europe
• Holiday in the USA

Futures contracts on indices indicate a higher opening for the cash session in the Old Continent. Today's macro calendar does not include any key publications that could affect the global forex and stock markets. Exchanges and banks in the USA will remain closed due to the federal holiday of Martin Luther King Jr. Day.

In Europe, we will learn about inflation reports from several member countries for December, including Poland, Sweden, and Croatia. The expected data are to be lower in each of the aforementioned countries.

Detailed calendar of the day:

10:00 AM GMT, Euro Zone - Industrial Production for November:

• Industrial Production: forecast -0.3% MoM; previous -0.7% MoM;
• Industrial Production: forecast -5.9% YoY; previous -6.6% YoY;

10:00 AM GMT, Euro Zone - Balance of Tade Data for November:

• Trade Balance: forecast 11.2B; previous 11.1B;

01:30 PM GMT, Canada - Manufacturing Sales:

• forecast 1.0% MoM; previous -2.8% MoM;

01:30 PM GMT, Canada - Wholesale Sales for November:

• forecast 0.8% MoM; previous -0.5% MoM;