Economic calendar: German inflation, US survey data

• European markets set for slightly higher opening

• German CPI inflation expected to accelerate in August

• US Conference Board index at 3:00 pm BST

In spite of a downbeat Wall Street session yesterday, European stock markets are set for a slightly higher opening today. Market seems to have calmed a bit following a poor start to the week. Cryptocurrencies are trying to recover from recent losses with Bitcoin climbing back above $20,000. Brent trades little changed on the day, near $102.50 per barrel.

There are some interesting data releases scheduled for the day ahead. European traders will focus mostly on flash CPI readings for August from Germany and Spain while US traders will tune in for CB consumer confidence index at 3:00 pm BST. Last but not least, a number of central bankers' will speak today, including Fed and ECB members.

8:00 am BST - Spain, CPI inflation for August. Expected: 10.7% YoY. Previous: 10.8% YoY

1:00 pm BST - Hungarian National Bank rate decision

1:00 pm BST - Germany, CPI inflation for August. Expected: 7.8% YoY. Previous: 7.5% YoY

3:00 pm BST - US, Conference Board consumer confidence index for August. Expected: 97.5. Previous: 95.7

9:40 pm BST - API report on oil inventories. Expected: -1.1 mb. Previous: -5.63 mb

Central bankers' speeches

• 1:00 pm BST - Fed Barkin

• 4:00 pm BST - Fed Williams

• 5:00 pm BST - ECB Holzmann, Stournaras, Muller & Wunsch

• 5:00 pm BST - Riksbank Governor Ingves