Economic calendar: ADP report, inflation from Eurozone

• European markets seen opening slightly lower

• Inflation data from France, Poland and Eurozone

• US ADP employment report

Futures markets point to a slightly lower opening of the European cash session today. There is a lot of data scheduled for the release today, starting with inflation data from Europe in the morning. However, key reading of the day will be released at 1:15 pm BST - ADP employment report for June. This will be a final hint ahead of US official jobs data release on Friday, 1:30 pm BST. However, it should be noted that ADP has been a poor predictor of NFP readings in recent months. Last but not least, US oil inventories data will be released at 3:30 pm BST and may trigger some short-term volatility on the oil market.

7:45 am BST - France, CPI inflation for June. Expected: 1.4% YoY. Previous: 1.4% YoY

8:55 am BST - Germany, unemployment rate for June. Expected: 5.9%. Previous: 6.0%

9:00 am BST - Poland, CPI inflation for May. Expected: 4.6% YoY. Previous: 4.7% YoY

10:00 am BST - Euro area, CPI inflation for May. Expected: 1.9% YoY. Previous: 2.0% YoY

1:15 pm BST - US, ADP employment report for June. Expected: 600k. Previous: 978k

3:00 pm BST - US, pending home sales for May. Expected: -1.1% MoM. Previous: -4.4% MoM

3:30 pm BST - US, DOE report on oil inventories.

• Oil inventories. Expected: -4.5 mb

• Gasoline inventories. Expected: -1.0 mb

• Distillate inventories. Expected: 0.6 mb

Central bankers' speeches

• 9:00 am BST - ECB Panetta

• 1:00 pm BST - Fed Bostic

• 6:00 pm BST - Fed Barkin