Economic calendar: US retail sales report in focus

• European markets expected to open mixed

• US retail sales report for August at 1:30 pm BST

• Speech from ECB President Lagarde

Futures market point to a mixed opening of the European session. Slight risk-off moods could have been spotted during the overnight trading. US dollar and Japanese yen are among the best performing currencies while Australian dollar pulls back following a lacklustre jobs report. Precious metals are pressured by the strength of the US currency.

The day ahead looks interesting as investors will be offered one of key readings of the week - US retail sales data for August. Report is expected to show another monthly decline. Apart from that, Canadian housing market data and regular US jobless claims report will be released in the early afternoon.

10:00 am BST - Euro area, trade balance for July. Expected: €15.5 billion. Previous: €12.4 billion

1:00 pm BST - Poland, core CPI inflation for August. Expected: 3.9% YoY. Previous: 3.7% YoY

1:15 pm BST - Canada, housing starts for August. Expected: 269k. Previous: 272.2k

1:30 pm BST - US, retail sales for August.

• Headline. Expected: -1.0% MoM. Previous: -1.1% MoM

• Ex-autos. Expected: -0.2% MoM. Previous: -0.4% MoM

1:30 pm BST - US, jobless claims. Expected: 317k. Previous: 310k

1:30 pm BST - Canada, wholesale sales for July. Expected: -1.9% MoM. Previous: -0.8% MoM

Central bankers' speeches

• 1:00 pm BST - ECB President Lagarde