Economic calendar: ECB minutes and CBRT decision

• European markets seen opening slightly lower

• ECB minutes, CBRT decision

• DOE expected to show decline in oil inventories

DAX futures point to a minor drop at the start of the European cash trading. FOMC minutes yesterday turned out to be a non-event. Investors will be offered ECB minutes today but release rarely has a meaningful impact on the markets. Central Bank of the Republic of Turkey will announce the latest monetary policy decision at 11:00 am GMT and the market expects interest rates to be left unchanged. Crude is gaining amid supply disruptions in the US caused by arctic weather. Oil will get a chance to move today during the release of DOE data that is expected to show decline

9:00 am GMT - Poland, industrial production for January. Expected: 0.6% YoY. Previous: 11.2% YoY

11:00 am GMT - CBRT decision

12:30 pm GMT - ECB minutes

1:30 pm GMT - US housing market data for January.

• Building permits. Expected: 1653k. Previous: 1704k

• Housing starts. Expected: 1654k. Previous: 1669k

1:30 pm GMT - US, jobless claims data. Expected: 785k. Previous: 793k

1:30 pm GMT - US, Philly Fed for February. Expected: 22. Previous: 26.5

4:00 pm GMT - DOE report on oil inventories.

• Oil inventories. Expected: -2.2 mb

• Gasoline inventories. Expected: 1.4 mb

• Distillate inventories. Expected: -1.8 mb

Central bankers' speeches

• 11:00 am GMT - BoE Saunders

• 1:00 pm GMT - Fed Brainard

• 3:00 pm GMT - Fed Bostic

• 5:00 pm GMT - Norges Bank Governor Olsen

Noteworthy US earnings

• Barrick Gold (GOLD.US) - before market open

• Hormel Foods (HRL.US) - before market open

• Marriott International (MAR.US) - before market open

• Newmont (NEM.US) - before market open

• Roku (ROKU.US) - after market close

• Tripadvisor (TRIP.US) - after market close

• Walmart (WMT.US) - before market open