Economic calendar: Second-tier data from the United States

• European stock markets set for slightly lower opening

• US durable goods orders and housing market data for July

• DOE report on watch after bigger-than-expected draw singalled by API

Futures markets point to a slightly lower opening of the European cash session today with DAX futures currently trading around 40 points below yesterday's cash close. US dollar is one of the best performing G10 currencies after Kashkari said that Fed will only be able to relax on rate hikes once there is evidence of inflation coming down. Oil stabilized with Brent trading near $100 per barrel mark. Cryptocurrencies experience declines but scale is relatively small.

Economic calendar for the day ahead includes some interesting readings. While there are no top-tier releases scheduled for the European morning, investors will be offered US durable goods orders reports and pending home sales data for July in the afternoon. Home sales data will be on watch following the big plunge in June. Last but not least, oil traders will focus on a regular, weekly DOE report after API estimates released yesterday suggested a big plunge.

9:00 am BST - Poland, unemployment rate for July. Expected: 4.8%. Previous: 4.9%

1:30 pm BST - US, durable goods orders for July.

• Headline. Expected: 0.5% MoM. Previous: 2.0% MoM

• Ex-transportation. Expected: 0.3% MoM. Previous: 0.4% MoM

3:00 pm BST - US, pending home sales for July. Expected: -3.9% MoM. Previous: -8.6% MoM

3:30 pm BST - DOE report on oil inventories.

• Oil inventories. Expected: -1.5 mb (API: -5.63 mb)

• Gasoline inventories. Expected: -1.8 mb (API: +0.27)

• Distillate inventories. Expected: +0.2 mb (API: +1.05 mb)