Economic calendar: US data and OPEC+ output decision

• European markets seen opening higher

• OPEC+ to make output decision

• Construction spending and manufacturing ISM from the United States

According to the situation on futures markets, stocks in Europe are set for a higher opening today. Investors from the Old Continent seem to look past downbeat moods spotted during the Asian trading hours. While there are a lot of macro readings scheduled for today, most of them are revisions to June's PMI data and therefore should not have a major impact on the market. However, data from the United States in the afternoon - jobless claims, construction spending and manufacturing ISM - could be a source of short-term volatility.

While there are no top tier macro releases scheduled, oil traders are still readying for an interesting day as OPEC+ meets to make an output decision. Rumours on the market are that oil producers decide to boost production by around 500k barrels per day, starting from August. Decision is expected somewhere in the afternoon.

8:00 am BST - Poland, manufacturing PMI for June. Expected: 57.5. Previous: 57.2

8:15 am BST - Spain, manufacturing PMI for June. Expected: 59.4. Previous: 59.4

8:45 am BST - Italy, manufacturing PMI for June. Expected: 62.2. Previous: 62.3

8:50 am BST - France, manufacturing PMI for June (final). First release: 58.6

8:55 am BST - Germany, manufacturing PMI for June (final). First release: 64.9

9:00 am BST - Euro area, manufacturing PMI for June (final). First release: 63.1

9:30 am BST - UK, manufacturing PMI for June (final). First release: 64.2

1:30 pm BST - US, jobless claims. Expected: 385k. Previous: 411k

2:45 pm BST - US, manufacturing PMI for June (final). First release: 62.6

3:00 pm BST - US, construction spending for May. Expected: 0.5% MoM. Previous: 0.2% MoM

3:00 pm BST - US, ISM manufacturing for June. Expected: 61.0. Previous: 61.2

Central bankers' speeches

• 8:00 am BST - ECB President Lagarde

• 8:00 pm BST - BoE Governor Bailey