Economic calendar: CB Consumer Confidence, Big Tech earnings

• European markets seen opening lower

• Conference Board COnsumer Confidence index for July

• Earnings from Apple, Alphabet and Microsoft

Futures markets point to a slightly lower opening of the European cash session today. Asian session was mostly upbeat with indices from South Korea, Australia and Japan gaining. Chinese equities continued to plunge amid threat of significant regulatory action.

The day ahead looks interesting but key events - earnings releases from Apple, Alphabet and Microsoft - will happen in the evening, after the close of the Wall Street session. When it comes to macro releases, investors will be offered durable goods orders data from the United States as well as the Conference Board Consumer Confidence index. The latter is expected to show the first drop of 2021.

1:00 pm BST - Hungarian National Bank rate decision

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

• Headline. Expected: 2.1% MoM. Previous: 2.3% MoM

• Ex-transport. Expected: 0.8% MoM. Previous: 0.3% MoM

3:00 pm BST - US, Conference Board Consumer Confidence index for July. Expected: 123.9. Previous: 127.3

3:00 pm BST - US, Richmond Fed index for July. Expected: 20. Previous: 22

9:40 pm BST - API report on oil inventories. Expected: -3 mb. Previous: 0.8 mb

US earnings releases

• 3M (MMM.US) - before market open

• Advanced Micro Devices (AMD.US) - after market open

• Alphabet (GOOGL.US) - after market close

• Apple (AAPL.US) - after market close

• Archer Daniels Midland (ADM.US) - before market open

• Centene (CNC.US) - before market open

• General Electric (GE.US) - before market open

• Microsoft (MSFT.US) - after market close

• PulteGroup (PHM.US) - before market open

• Raytheon Technologies (RTX.US) - before market open

• Starbucks (SBUX.US) - after market close

• United Parcel Service (UPS.US) - before market open

• Visa (V.US) - after market close