Economic calendar: German IFO and US durable goods orders

• European markets set for flat opening

• German IFO index and US durable goods orders data

• DOE report expected to show decline

Futures markets point to a more or less flat opening for major European stock indices. Asian session has been a rather calm one and the beginning of European trade looks to be the same. The German IFO index for August is the only noteworthy release scheduled for the European morning and it is expected to show slight deterioration. US durable goods orders data for July and DOE report on oil inventories will be on watch in the evening. Report from Salesforce is a key earnings release today.

9:00 am BST - Germany, IFO index for August. Expected: 100.4. Previous: 100.8

1:30 pm BST - US, durable goods orders for July.

• Headline. Expected: -0.3% MoM. Previous: 0.9% MoM

• Ex-transportation. Expected: 0.5% MoM. Previous: 0.5% MoM

3:30 pm BST - DOE report on oil inventories

• Oil inventories. Expected: -2.3 mb

• Gasoline inventories. Expected: -1.7 mb

• Distillate inventories. Expected: +0.8 mb

Central bankers' speeches

• 9:30 am BST - ECB de Guindos

• 6:00 pm BST - Fed Daly

US earnings reports

• Box Inc. (BOX.US) - after market close

• NetApp (NTAP.US) - after market close

• Salesforce (CRM.US) - after market close

• Ulta Beauty (ULTA.US) - after market close