Economic calendar: US data dominates calendar

• European markets expected to open higher

• Revision of US Q4 GDP data

• 5 speeches from Fed members

Global equity sell-off paused yesterday. Indices from Wall Street moved higher and Asian stocks followed. Futures markets point to a higher opening of the European session but off the overnight highs.

While 2-day Powell testimony in Congress is already behind, it does not mean that investors will not hear more from the Fed this week. 5 members of the Federal Reserve are scheduled to deliver speeches this afternoon. Apart from that, investors will be offered revision of US Q4 GDP data as well as jobless claims report and durable goods orders data for January. Among today's earnings reporters we can find some of recent investors' favourites like Plug Power or Beyond Meat.

1:30 pm GMT - US, Q4 GDP report (revision). First release: 4% QoQ

1:30 pm GMT - US, jobless claims. Expected: 820k. Previous: 861k

1:30 pm GMT - US, durable goods orders for January.

• Headline. Expected: 1.1% MoM. Previous: 0.5% MoM

• Core. Expected: 0.7% MoM. Previous: 1.1% MoM

3:00 pm GMT - US, pending home sales for January. Expected: 0% MoM. Previous: -0.3% MoM

3:30 pm GMT - EIA natural gas storage change. Expected: -328 bcf. Previous: -237 bcf

Central bankers' speeches

• 10:45 am GMT - ECB Lane

• 1:30 pm GMT - Fed Bostic

• 2:30 pm GMT - Fed George

• 3:00 pm GMT - ECB Vice President Guindos

• 3:00 pm GMT - ECB de Cos

• 3:30 pm GMT - Fed Bullard

• 4:10 pm GMT - Fed Quarles

• 8:00 pm GMT - Fed Williams

Noteworthy US earnings releases

• Moderna (MRNA.US) - before market open

• Plug Power (PLUG.US) - before market open

• Norwegian Cruise Line (NCLH.US) - before market open

• Beyond Meat (BYND.US) - after market close

• Etsy (ETSY.US) - after market close

• Nikola (NKLA.US) - after market close

• Salesforce (CRM.US) - after market close