Economic calendar: German IFO, Tesla earnings

European markets seen opening lower
German IFO index for July
Tesla to report earnings after Wall Street close

Futures markets point to a lower opening of the European session today. Moods during the Asian were mixed. Chinese indices underperformed significantly. However, this was due to country-specific factors and is unlikely to impact European trading. Economic calendar at the beginning of a new week is light. Investors will be offered German IFO reading for July during the European morning hours and US housing market data for June in the afternoon. However, neither of these readings tends to have a major impact on the markets.

Investors' favourite Tesla (TSLA.US) will report Q2 earnings today after the close of the US session.

9:00 am BST - Germany, IFO index for July. Expected: 102.3. Previous: 101.8

3:00 pm BST - US, new home sales for June. Expected: 800k. Previous: 769k

US earnings releases

Hasbro (HAS.US) - before market open
Lockheed Martin (LMT.US) - before market open
Tesla (TSLA.US) - after market close

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Economic reports

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