Economic calendar: Labour market data from Canada

• European markets seen opening lower

• Canadian labour market report for February

European futures markets point to a lower opening of today's cash session. Main events of the week are already behind us as the ECB announced its decision and the US President Biden signed a $1.9 trillion stimulus package into law yesterday. Having said that, today's trading may be a bit more calm as there are no top-tier releases scheduled for today. CAD traders will tune in for Canadian labour market report at 1:30 pm GMT and USD may experience some volatility near UoM data release (3:00 pm GMT).

8:00 am GMT - Spain, CPI inflation for February. Expected: 0% YoY. Previous: 0.5% YoY

9:00 am GMT - Euro area, industrial production for January. Expected: -2.4% YoY. Previous: -0.8% YoY

1:30 pm GMT - US, PPI inflation for February.

• Headline. Expected: 2.7% YoY. Previous: 1.7% YoY

• Core. Expected: 2.6% YoY. Previous: 2% YoY

1:30 pm GMT - Canada, labour market report for February.

• Employment change. Expected: 52.5k. Previous: -212.8k

• Unemployment rate. Expected: 9.3%. Previous: 9.4%

3:00 pm GMT - US, University of Michigan consumer sentiment for March. Expected: 78.0. Previous: 76.8