Economic calendar: Speeches from Fed members, second-tier data from US

• European stock markets set for a lower opening
• Speeches from Fed members 
• US jobless claims and Philly Fed data

Futures markets point to a lower opening of the European cash session today as investors digested the latest FOMC minutes which indicated the need to keep raising interest rates to lower inflation, but did not provide specific guidance for future increases. 

Economic calendar for today lacks top-tier releases. Traders will be offered an inflation reading from the euro area but it will be a revision of data for July and therefore should not have a much impact on the markets. Apart from that, traders will be offered jobless claims and Philly Fed readings as well as speeches from two FED members George and Kashkari.

10:00 am BST - Euro area, CPI inflation for July (final). First release: 8.9% YoY

12:00 pm BST - CBRT rate decision

1:30 pm BST - US, jobless claims. Expected: 265k. Previous: 262k

1:30 pm BST - US, Philly Fed index for August. Expected: -5.0. Previous: -12.3

3:00 pm BST - US, existing home sales for July. Expected: 4.89 mln. Previous: 5.12 mln

3:30 pm BST - EIA natural gas storage. Expected: 34 bcf. Previous: 44 bcf

Central bankers' speeches

• 6:20 pm BST - Fed George 

• 6:45 pm BST - Fed Kashkari

Wall Street earnings releases

• Applied Materials, Inc. (AMAT.US)- after the market closes
• Kohl's Corporation (KSS.US)- before market open
• Nio (NIO.US)- before market open