Economic calendar: Earnings and ECB call in the spotlight

• Risk-off eases on the global markets

• ECB may discuss changes to collateral policy today

• AT&T (T.US) and Baker Hughes (BKR.US) among earnings reporters

Markets remain jittery after recent oil market rout. Selling pressures eased during Asian trading hours allowing some equity indices from the region to close higher. DAX is seen opening slightly above yesterday's closing price. There are no major data releases scheduled for today. DOE report is expected to show another big build in inventories. Apart from that, it is said that ECB officials are expected to hold a call today in the afternoon or evening to discuss whether to accept junk bonds as collateral from lenders. 

9:00 am BST - Poland, retail sales for March. Expected: 2.9% MoM. Previous: 0.5% MoM

12:00 pm BST - CBRT rate decision. Expected: 9.25%. Previous: 9.75%

1:30 pm BST - Canada, CPI inflation for March. Expected: 1.2% YoY. Previous: 2.2% YoY

3:30 pm BST - DOE report on oil inventories.

• Oil inventories. Expected: +16.1 mb. Previous: +19.25 mb

• Gasoline inventories. Expected: +3.65 mb. Previous: +4.91 mb

• Distillate inventories. Expected: +2.9 mb. Previous: +6.28 mb

Noteworthy earnings reports

• AT&T (T.US) - before market open

• Delta Air Lines (DAL.US) - before market open

• Baker Hughes (BKR.US) - before market open

• Kimberly-Clark (KMB.US) - before market open

• Kinder Morgan (KMI.US) - after market open