Economic calendar: Fed speakers, NVIDIA earnings

• European markets expected to open flat

• Canadian CPI for October, speeches from Fed members

• NVIDIA to report earnings after Wall Street session

Futures markets point to a flat opening of today's cash trading session in Europe. Just as it was yesterday, there are no major data releases scheduled for the European morning. Eurozone CPI data for October will be released at 10:00 am GMT but as it will be a revision, it should not have a major impact on the market. CAD may become more volatile in the afternoon thanks to CPI print from the country. A broad strengthening of the US dollar can be observed as of late with EURUSD dipping below the 1.1300 mark last night. Having said that, today's speeches from Fed members should be watched closely as a potential trigger for another move. Financial report from NVIDIA, that will be released after close of the session, is on the top of earnings agenda today.

10:00 am GMT - Euro area, CPI inflation for October.

• Headline. First release: 4.1% YoY

• Core. First release: 2.1% YoY

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

• Building permits. Expected: 1635k. Previous: 1586k

• Housing starts. Expected: 1575k. Previous: 1555k

1:30 pm GMT - Canada, CPI inflation for October. Expected: 4.6% YoY. Previous: 4.4% YoY

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

• Oil inventories. Expected: +1.5 mb

• Gasoline inventories. Expected: -0.8 mb

• Distillate inventories. Expected: -1.5 mb

Central bankers' speeches

• 2:10 pm GMT - Fed Williams

• 4:20 pm GMT - Fed Mester

• 5:40 pm GMT - Fed Daly, Mester, Waller

• 6:30 pm GMT - ECB Chairman Lagarde

• 9:05 pm GMT - Fed Evans

• 9:10 pm GMT - Fed Bostic

US earnings releases

• NVIDIA (NVDA.US) - after market close

• Cisco Systems (CSCO.US) - after market close

• Lowe's (LOW.US) - before market open

• Target (TGT.US) - before market open

• TJX Companies (TJX.US) - before market open

• Baidu (BIDU.US) - before market open