Economic calendar: ECB, CBRT decisions and US GDP report in focus

• European futures point to lower opening of today's cash session
• ECB, CBRT decisions and US GDP report in focus for investors 
• US100 breaks out below the 14,700 point zone

Futures markets point to lower opening of today's cash session in Europe. Worse sentiment in Asia, fueled by yesterday's sell-off on Wall Street, is lifting the major benchmarks into zones of key support. The US100 index knocked out the 14,700-point barrier tested repeatedly yesterday, and those declines continue today. 

Investors can also expect heightened volatility on individual companies. Mercedes-Benz Group (MBG.DE), BNP Paribas (BNP.FR) and Volkswagen (VOW1.DE), among others, have already presented their results today.

Key macro events today include: the U.S. GDP report, the PCE ratio, and interest rate decisions by the ECB and CBRT.

Key macro readings of the day:

08:00 am BST: Spain, unemployment rate. Prediction: 11,5%. Previously: 11,6%

12:00 am BST: Turkey, CBRT decision on interest rates. Prediction: 35%. Previously: 30%

01:15 pm BST: Eurozone, ECB interest rate decision.

01:30 pm BST: US, macro data package.

• GDP for Q3. Predictions: 4,3%. Previously: 2,1%.
• Jobless claims. Predictions: 209k. Previously: 198k.
• GDP deflator. Predictions: 2,5%. Previously: 1,7%.
• PCE Core. Prediction: 2,5%. Previously: 3,7%.
• Durable goods orders. Predictions: 1.7% m/m. Previously: 0.1% m/m.

01:45 pm BST: Eurozone, ECB post-decision conference with Lagarde.

03:00 pm BST: US, pending home sales. Predictions: -1.9% m/m. Earlier: -7.1% m/m. 

03:30 pm BST: USA, change in gas inventories according to EIA. Prediction: 82bn. Earlier: 97bn.