Economic calendar: Focus on US inflation data

• US Core PCE Price Index 
• Michigan Consumer Sentiment Index

It’s a relatively busy day ahead on the economic calendar, with the US inflation figures undoubtedly the most important and may have a big impact on the markets. French consumer spending, finalized GDP, and prelim inflation figures will be the key release of the European session and may have some impact on the Euro. When it comes to the US trading hours, investors will be offered Core PCE Price Index which is the Federal Reserve's favorite inflation indicator. Apart from that, personal spending, Chicago PMI and UoM consumer sentiment and inflation expectations figures will also be released.

7:45 am BST - France, Consumer Spending m/m. Expected -4.1%. Previous -1.1%

7:45 am BST - France, Prelim CPI m/m. Expected 0.3%. Previous 0.1%

7:45 am BST - France, Prelim GDP q/q. Expected 0.4%. Previous 0.4%

1:30 pm BST - US, Core PCE Price Index m/m. Expected 0.6%. Previous 0.4%

1:30 pm BST - US, Core PCE Price Index m/m. Expected 0.6%. Previous 0.4%

1:30 pm BST - US, Personal Income m/m. Expected -14.2%. Previous 21.1%

1:30 pm BST - US, Personal Spending m/m. Expected 0.5%. Previous 4.2%

2:45 pm BST - US, Chicago PMI. Expected 67.9.Previous 72.1

3:00 pm BST - US, Revised UoM Consumer Sentiment. Expected 83.1.Previous 82.8

3:00 pm BST - US, Revised UoM Inflation Expectations. Previous 4.6%

US earnings:

• Big Lots (BIG.US) - before market open