Economic calendar: US ISM manufacturing, German CPI

• European stock markets open little changed

• US ISM manufacturing index for February, final PMIs from Europe

• German CPI report for February

European stock markets launched Tuesday trading little changed. War in Ukraine continues and more reports of Russian attacks targeting Ukrainian civilians surface. Heavy shelling of Kharkiv took place this morning and Western intelligence fears that lack of progress may make Putin frustrated and more short-tempered. Volatility on the markets diminished somewhat but traders should be aware that news from Ukraine can still trigger big moves.

There are quite a lot of macro readings scheduled for today. Majority of them will be revisions of February's manufacturing PMI data from Europe. However, investors will also be offered US ISM manufacturing index reading and German CPI print.

8:15 am GMT - Spain, manufacturing PMI for February (final). First release: 56.1. Previous: 56.2

8:45 am GMT - Italy, manufacturing PMI for February (final). Expected: 58.0. Previous: 58.3

8:50 am GMT - France, manufacturing PMI for February (final). First release: 57.6

8:55 am GMT - Germany, manufacturing PMI for February (final). First release: 58.5

9:00 am GMT - Euro area, manufacturing PMI for February (final). First release: 58.4. Previous: 58.7

9:30 am GMT - UK, manufacturing PMI for February (final). First release: 57.3

1:00 pm GMT - Germany, CPI inflation for February. Expected: 5.4% YoY. Previous: 5.1% YoY

1:30 pm GMT - Canada, Q4 GDP growth (annualized). Expected: 6.5%. Previous: 5.4%

2:45 pm GMT - US, manufacturing PMI for February (final). First release: 57.5

3:00 pm GMT - US, ISM manufacturing index for February. Expected: 58.0. Previous: 57.6

3:00 pm GMT - US, construction spending for January. Expected: 01.% MoM. Previous: 0.2% MoM

9:40 pm GMT - API report on oil inventories. Expected: -0.5 mb. Previous: +5.98 mb

Wall Street earnings

• AMC Entertainment (AMC.US) - after market close

• Baidu (BIDU.US) - before market open

• Kohl's Corporation (KSS.US) - before market open

• Ross Stores (ROST.US) - after market close

• Target (TGT.US) - before market open

• Wendy's (WEN.US) - before market open