Economic calendar: German GDP report opens a busy week

• European indices set for flat opening

• GDP report from Germany and POland

• Fed, BoE and ECB to announce rate decision later this week

Index futures point to a more or less flat opening of the European cash session today. This comes after a mixed trading in Asia, where indices from mainland China gained while benchmarks from most other countries traded lower. Precious metals are trading slightly higher while oil and industrial commodities pull back slightly. JPY is the best performing G10 currency while AUD lag the most.

Economic calendar for today is rather light, with data releases being limited mostly to European morning trade. Investors will be offered CPI print from Spain for January as well as Q4 2022 GDP report from Germany and a full-2022 GDP report from Poland. Things get much more interesting later into the week with rate decisions from FOMC, BoE and ECB as well as release of US jobs data for January! Trader should also keep in mind that trading today and tomorrow may be distorted by month's end rebalancing flows.

8:00 am GMT - Spain, CPI inflation for January. Expected: 4.8% YoY. Previous: 5.7% YoY

9:00 am GMT - Germany, GDP report for Q4 2022. Expected: 0.0% QoQ. Previous: 0.4% QoQ

9:00 am GMT - Poland, GDP report for 2022. Expected: 4.8% YoY. Previous: 6.8% YoY

3:30 pm GMT - US, Dallas Fed manufacturing index for January. Expected: -15.0. Previous: -18.8

Central bankers' speeches

• 1:15 pm GMT - ECB Villeroy

US earnings releases

• Franklin Resources (BEN.US) - before market open

• Whirlpool (WHR.US) - after market close

• NXP Semiconductors (NXP.US) - after market close