Economic calendar: Central bankers in the spotlight

• European markets expect to open flat

• Cryptos swing on Musk tweets

• Speeches from Fed and BoE members

Futures market point to a flat opening of today's European session following a mixed Asian session. Cryptocurrency markets took a hit over the weekend when Musk suggested Tesla may have sold its Bitcoin holdings. However, Bitcoin jumped shortly after 7:00 am BST today after Tesla CEO denied selling cryptocurrency holdings.

There are a few readings scheduled for release today but neither of them tends to have a major impact on the markets. A range of Fed and BoE speakers may provide some volatility on the FX markets in the afternoon.

9:00 am BST - Italy, CPI inflation for April (final). First release: 1.1% YoY

1:00 pm BST - Poland, core CPI for April. Expected: 3.8% YoY. Previous: 3.9% YoY

1:30 pm BST - US, New York Empire index for May. Expected: 24. Previous: 26.3

1:30 pm BST - Canada, housing starts for April. Expected: 292.5k. Previous: 335.2k

Central bankers' speeches

• 3:05 pm BST - Fed Clarida

• 3:15 pm BST - BoE Tenreyro

• 3:25 pm BST - Fed Bostic

• 3:25 pm BST - Fed Clarida

• 4:30 pm BST - BoE Vlieghe

• 5:30 pm BST - BoE Haldane

US earnings releases

• Clover Health Investments (CLOV.US) - before market open

• Esports Entertainment Group (GMBL.US) - after market close

• Ideanomics (IDEX.US) - after market close

• Tencent Music Entertainment (TME.US) - after market close