Economic calendar: Boris Johnson heads to Brussels

European markets seen opening slightly lower
Johnson and von der Leyen to hold in-person talks
German ZEW index expected to improve in December

European markets are seen opening slightly lower on Tuesday. Economic calendar is light today with German ZEW index being a key release of the European session. However, Boris Johnson is expected to head to Brussels for talks with Ursula von der Leyen. As Brexit talks are on the verge of collapse, outcome of the talks may tell investors whether there will be more attempts to make a deal or no-deal Brexit becomes the base case scenario. Apart from that, European Union has set today as a deadline for Poland and Hungary to decide whether those countries will accept the EU budget or not.

9:30 am GMT - South Africa, GDP report for Q3 2020 (annualized). Expected: +52.6%. Previous: -51%

10:00 am GMT - Euro area, GDP report for Q3 2020 (revision). First release: 12.6% QoQ

10:00 am GMT - Germany, ZEW index for December. Expected: 45.5. Previous: 39

9:40 pm GMT - API report on oil inventories. Expected: +0.6 mb

Asian session

11:50 pm GMT - Japan, machinery orders for October. Expected: +2.8% MoM. Previous: -4.4% MoM
1:30 am GMT - China, CPI inflation for November. Expected: 0% YoY. Previous: 0.5% YoY

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Economic calendar: Boris Johnson heads to Brussels

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