Economic calendar: US data dominates pre-Christmas calendar

• European markets set to open slightly higher

• Monthly US data for October

• Revision of UoM consumer sentiment reading for December

European stock market futures point to a slightly higher opening of today's session for blue chips indices from the Old Continent. Today is the final pre-Christmas session on many European stock markets. Liquidity conditions are expected to be thin, especially as the economic calendar for the European morning session is almost empty. Things get a bit more interesting in the afternoon with US data scheduled for release. PCE core reading for November at 1:30 pm BST is a key report of the day. However, as the Fed has already hinted that it will tighten policy further next year, inflation data may not have a big impact on the markets.

8:00 am GMT - Spain, GDP report for Q3 (revision). First release: 2.0% QoQ

9:00 am GMT - Poland, unemployment rate for November. Expected: 5.4%. Previous: 5.5%

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

• Headline. Expected: 1.6% MoM. Previous: -0.4% MoM

• Ex-transport. Expected: 0.6% MoM. Previous: 0.5% MoM

1:30 pm GMT - US, monthly data pack for November.

• Personal spending. Expected: 0.6% MoM. Previous: 1.3% MoM

• Personal income. Expected: 0.4% MoM. Previous: 0.5% MoM

• Core PCE. Expected: 4.5% YoY. Previous: 4.1% YoY

1:30 pm GMT - Canada, monthly GDP report for October. Expected: 0.8% MoM. Previous: 0.1% MoM

1:30 pm GMT - US, jobless claims. Expected: 205k

3:00 pm GMT - US, University of Michigan consumer sentiment for December (final). First release: 70.4