Economic calendar: Rate decisions from BoE and CBRT

• Bank of England expected to deliver third consecutive rate hike

• No actions expected from Central Bank of Republic of Turkey

• Earnings from Fedex and Gamestop after close of Wall Street session

European stock markets are set for a more or less flat opening of today's cash session. Hawkish Fed did not manage to derail market sentiment with US indices booking strong gains yesterday and setting positive tones for Asian and European trading today.

FOMC monetary policy decision yesterday was a key macro event of the week. Nevertheless, investors will get to hear from 2 more central banks today - Bank of England and Central Bank of Republic of Turkey (11:00 am GMT). Bank of England is expected to deliver a third consecutive 25 basis point rate hike, bringing the main rate to 0.75%. Meanwhile, CBRT is expected to once again stay on hold in spite of a gargantuan inflation in the country.

10:00 am GMT - Euro area, CPI inflation for February (final). First release: 5.8% YoY

11:00 am GMT - Central Bank of Republic of Turkey rate decision

12:00 pm GMT - Bank of England rate decision

12:30 pm GMT - US, housing market data for February.

• Building permits. Expected: 1850k. Previous: 1895k

• Housing starts. Expected: 1680k. Previous: 1638k

12:30 pm GMT - US, jobless claims. Expected: 220k. Previous: 227k

1:15 pm GMT - US, industrial production for February. Expected: 0.5% MoM. Previous: 1.4% MoM

Wall Street earnings releases

• Dollar General (DG.US) - before market open

• Fedex (FDX.US) - after market close

• Gamestop (GME.US) - after market close