Economic calendar: BoC decision, Tesla Q4 earnings

• European indices open little changed

• Bank of Canada expected to hike rates by 25 bp

• Earnings reports from Tesla and Boeing, among others

European stock market indices launched today's cash session on the Old Continent little changed.  Commodities pull back after USD strengthened, with industrial metals, oil and precious metals trading lower. Australian dollar outperforms other G10 currencies, following a higher-than-expected CPI reading for Q4 2022.

Economic calendar for today may look light but includes some top-tier releases. German Ifo reading is a key release of the European morning session. Things get more interesting in the afternoon with the Bank of Canada rate decision scheduled for 3:00 pm GMT. Bank is expected to hike rates by 25 basis points. Earnings

9:00 am GMT - German, IFO index for January. Expected: 90.2. Previous: 88.6

9:00 am GMT - Poland, unemployment rate for December. Expected: 5.2%. Previous: 5.1%

3:00 pm GMT - Bank of Canada rate decision

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

• Oil inventories. Expected: +1.6 mb (API: +3.38 mb)

• Gasoline inventories. Expected: +2.1 mb (API: +0.62 mb)

• Distillate inventories. Expected: -1.6 mb (API: -1.93 mb)

Top US earnings releases

• Boeing (BA.US) - before market open

• AT&T (T.US) - before market open

• US Bancorp (USB.US) - before market open

• Nasdaq (NDAQ.US) - before market open

• Tesla (TSLA.US) - after market close

• IBM (IBM.US) - after market close