Economic calendar: BoE decision and Fed speakers

• European stock markets seen opening higher

• Bank of England set to announce rate decision at 12:00 pm BST

• 4 Fed members to deliver speeches

Futures markets point to a higher opening of today's European session. There are some interesting readings and speeches scheduled, which investors should have in mind while trading today. German IFO index for June will be released in the morning and may provide some short-term volatility. Next, investors will be offered rate decisions from the Bank of England. No change is expected but some guidance may be offered. Note that this will be the last meeting for outgoing Chief Economist Haldane, who is considered the most hawkish member of BoE. US GDP report in the afternoon is likely to be a non-event as it will be the third release (second revision). Last but not least, 4 Fed members will deliver speeches this afternoon.

9:00 am BST - Germany, IFO index for June. Expected: 100.0. Previous: 99.2

9:00 am BST - Poland, unemployment rate for May. Expected: 6.1%. Previous: 6.3%

12:00 pm BST - Bank of England rate decision.

1:30 pm BST - US, GDP report for Q1 2021 (third release).

• GDP. Second release: 6.4% QoQ (annualized)

• Core PCE. Second release: 2.5%

1:30 pm BST - US, durable goods orders for May.

• Headline. Expected: 2.7% MoM. Previous: -1.3% MoM

• Ex-transport. Expected: 0.6% MoM. Previous: 1% MoM

1:30 pm BST - US, jobless claims. Expected: 380k. Previous: 412k

Central bankers' speeches

• 2:30 pm BST - Fed Harker

• 2:30 pm BST - Fed Bostic

• 4:00 pm BST - Fed Williams

• 6:00 pm BST - Fed Bullard