Economic calendar: Relatively quiet day dominated by retail sales data 📌

• Futures contracts indicate a lower opening in Europe
• Retail sales data from the UK, Canada, and Poland

Futures contracts suggest a slightly lower opening of the cash sessions in Europe. Yesterday's session on Wall Street ended with a 0.85% decline, as investors are concerned about the escalation of conflict in the Middle East. Today's first half did not bring a calming of the situation on this front, and major indices in the Asia-Pacific region continued to decline.

Today is expected to be calm in terms of macroeconomic publications. However, this does not mean that the overall trading session should be expected to be calm as well. There's a noticeable nervous mood in the market. The most important publications today will be the retail sales data. At 7:00 AM BST, we learned data from the UK, which came out worse than expected, with annual sales falling by 1.0%. Later in the day, we will also get sales data for Poland and Canada.

Detailed calendar of the day:

9:00 AM (BST), Poland - Retail sales for September:

• expectations: 3.0% YoY; previously 3.1% YoY

1:30 PM (BST), Canada - Retail sales for September:

• retail sales: Expectations -0.3% MoM; previously 0.3% MoM
• retail sales excluding autos: Expectations -0.1% MoM; previously 1.0% MoM

Quarterly company reports:

• Schlumberger (SLB.US) - before the session
• American Express (AXP.US) - before the session