Economic calendar: PMI revisions, Pfizer earnings

• European markets set to open slightly lower

• October manufacturing PMI data revisions

• Earnings reports from Pfizer, Activision Blizzard

European stock markets are set for a slightly lower opening today, following a bearish trading in Asia. However, current futures quotes suggest that most blue chips indices from Europe will open 0.1-0.2% off yesterday's closing prices. Australian dollar underperformed on the FX market after the RBA decided to drop a target on 2024 government bond. Precious metals trade mixed, industrial metals drop and energy commodities advance.

While there is some data scheduled for release today, neither of those readings can be seen as top tier. Revisions to October manufacturing PMIs will be announced throughout the morning session. The only reading scheduled for the US trading season is API report on oil inventories, that may trigger some volatility on the oil market. Among top earnings reports scheduled for today one can find a report from Pfizer (PFE.US). 

8:00 am GMT - Poland, manufacturing PMI for October. Expected: 53.0. Previous: 53.4

8:15 am GMT - Spain, manufacturing PMI for October. Expected: 58.1. Previous: 58.1

8:45 am GMT - Italy, manufacturing PMI for October. Expected: 59.6. Previous: 59.7

8:50 am GMT - France, manufacturing PMI for October (final). First release: 53.5

8:55 am GMT - Germany, manufacturing PMI for October (final). First release: 58.2

9:00 am GMT - Euro area, manufacturing PMI for October (final). First release: 58.5

12:30 pm GMT - Canada, building permits for September. Expected: 3.0% MoM. Previous: -2.1% MoM

8:40 pm GMT - API report on oil inventories. Expected: 1.6 mb. Previous: 2.32 mb

Top US earnings releases

• Pfizer (PFE.US) - before market open

• T-Mobile US (TMUS.US) - after market close

• Amgen (AMGN.US) - after market close

• ConocoPhillips (COP.US) - before market open

• Mondelez International (MDLZ.US) - after market close

• Activision Blizzard (ATVI.US) - after market close

• Marathon Petroleum (MPC.US) - before market open

• Paycom Software (PAYC.US) - after market close