Economic calendar: BoC decision and oil inventories

• European market seen opening higher

• Bank of Canada expected to hold rates unchanged

• Boris Johnson will meet with Ursula von der Leyen this evening

Futures markets point to a higher opening after US indices reached new all-time highs yesterday and Asian stocks advanced. Economic calendar today is light with the Bank of Canada rate decision being top macro events. There were some positive developments when it comes to politics with Hungarian Prime Minister Orban saying that a deal on the EU budget could be reached this week. Ursula von der Leyen is set to meet with Boris Johnson this evening. However, EU member countries are getting increasingly worried that European Commission President may concede too much in an attempt to reach the Brexit deal.

3:00 pm GMT - Bank of Canada rate decision.

3:30 pm GMT - DOE report on oil inventories.

• Oil inventories. Expected: -1.5 mb

• Gasoline inventories. Expected: +2.9 mb

• Distillate inventories. Expected: +1.2 mb