Economic calendar: PMIs and jobless claims to steal the show

• Flash PMIs from Europe and US to be released today

• Jobless claims data expected to show another massive number

• EU leaders to hold video call today

Global stock markets trade in mixed moods as both European and US futures are more or less flat on the day. A lot of action is expected during today's European morning as flash PMIs for April will be released. Readings from Australia and Japan showed massive slump in services. US jobless claims and PMI data will be released in the afternoon. Apart from that, leaders of EU countries are expected to hold a video conference today to discuss how to finance the recovery fund.

8:15 am BST - France, PMI indices for April (flash).

• Manufacturing. Expected: 37.5 pts. Previous: 43.2 pts

• Services. Expected: 25 pts. Previous: 27.4 pts

8:30 am BST - Germany, PMI indices for April (flash).

• Manufacturing. Expected: 39 pts. Previous: 45.4 pts

• Services. Expected: 28.5 pts. Previous: 31.7 pts

9:00 am BST - Euro area, PMI indices for April (flash).

• Manufacturing. Expected: 39.2 pts. Previous: 44.5 pts

• Services. Expected: 23.8 pts. Previous: 26.4 pts

9:30 am BST - UK, PMI indices for April (flash).

• Manufacturing. Expected: 42 pts. Previous: 47.8 pts

• Services. Expected: 29 pts. Previous: 34.5 pts

1:30 pm BST - US, jobless claims. Expected: 4200k. Previous: 5245k

2:45 pm BST - US, PMI indices for April (flash).

• Manufacturing. Expected: 38 pts. Previous: 48.5 pts

• Services. Expected: 31.5 pts. Previous: 39.8 pts

3:00 pm BST - US, new home sales for March. Expected: 644k. Previous: 765k

Noteworthy earnings scheduled for today

• Intel (INTC.US) - after market close

• Eli Lilly (LLY.US) - before market open

• Union Pacific (UNP.US) - before market open

• Capital One Financial (COF.US) - after market close