Economic calendar: Second day of US-China talks

European markets seen opening lower
US-China talks continue
Retail sales data from Poland and Canada

European stock markets are expected to open lower today following a heavy sell-off on Wall Street yesterday. US indices decline as yields surged. However, yields moved slightly lower today and a rout on the oil market has eased as well.

Today's calendar is almost empty with Polish and Canadian retail sales being the only readings scheduled for release. Russian central bank will announce a monetary policy decision at 10:30 am GMT but no change is expected. Last but not least, talks between the United States and China in Alaska continue today after the first day of talks was marked with insults and disagreements. The United States continues to press China on issues like Hong Kong or Taiwan. Nevertheless, traders should keep in mind that given the attitude of negotiators, it looks unlikely that the summit will conclude with any major statement.

9:00 am GMT - Poland, retail sales for February. Expected: -2.5% YoY. Previous: -6% YoY

10:30 am GMT - CBR rate decision.

12:30 pm GMT - Canada, retail sales for February.

Headline. Expected: -3% MoM. Previous: -3.4% MoM
Ex-autos. Expected: -2.6% MoM. Previous: -4.1% MoM

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