Economic calendar: US data and earnings in the spotlight

• European markets seen opening flat

• Retail sales and industrial production for the US

• US retailers - Walmart, Home Depot, Kohl's - report earnings

European futures dropped during the overnight trade but are regaining ground ahead of the cash session open. DAX futures point to a flat opening of the session already. There are some noteworthy releases scheduled for today, including US retail sales and industrial production for October. Both are expected to rise on a month-over-month basis. Apart from that, 3 US retailers will report earnings before the session opens while NIO will report after the closing bell.

1:00 pm GMT - Hungarian National Bank rate decision. Expected: 0.60%. Previous: 0.60%

1:30 pm GMT - US, retail sales for October.

• Headline. Expected: 0.5% MoM. Previous: 1.9% MoM

• Ex-auto. Expected: 0.6% MoM. Previous: 1.5% MoM

2:15 pm GMT - US, industrial production for October. Expected: 0.8% MoM. Previous: -0.6% MoM

9:40 pm GMT - API report on oil inventories. Expected: +0.3 mb

Central bankers' speeches

• 1:00 pm GMT - ECB de Guindos

• 2:00 pm GMT - BoE Governor Bailey

• 4:00 pm GMT - ECB President Lagarde

• 6:00 pm GMT - Fed Bostic

• 6:25 pm GMT - Fed Daly

• 7:00 pm GMT - Fed Rosengren

• 7:00 pm GMT - Fed Williams

• 7:35 pm GMT - Fed Bostic

• 7:50 pm GMT - Fed Daly

Noteworthy US earnings releases

• Walmart (WMT.US) - before market open

• Kohl's (KSS.US) - before market open

• Home Depot (HD.US) - before market open

• NIO (NIO.US) - after market close