Economic calendar: Yellen testifies in Senate

• European markets expected to open higher

• Janet Yellen testifies in Senate

• Goldman Sachs and Netflix report earnings

European stock markets are expected to launch today's trading higher following solid gains made during the Asian session. Treasury Secretary nominee Janet Yellen will testify before the Senate Finance Committee today and is expected to tell lawmakers that low borrowing costs should be used to act big. However, as text of her speech was already released, the event may not be a trigger for bigger market moves. Wall Street earnings season is slowly gathering pace - Netflix and Goldman Sachs can be found among today's reporters. Last but not least, today is Trump's final full day in the office so traders should look out for any actions he may take. However, any big moves (like lifting travel bans to Europe and Brazil) are likely to be overturned by Joe Biden.

10:00 am GMT - Germany, ZEW index for January. Expected: 60. Previous: 55

1:30 pm GMT - Canada, manufacturing sales for November. Expected: -0.1% MoM. Previous: +0.3% MoM

3:00 pm GMT - Treasury Secretary nominee Janet Yellen testifies before Senate Finance Committee

Wall Street earnings releases

• Bank of America (BAC.US) - before market open

• Charles Schwab (SCHW.US) - before market open

• Goldman Sachs (GS.US) - before market open

• Halliburton (HAL.US) - before market open

• Interactive Brokers (IBKR.US) - after market close

• Netflix (NFLX.US) - after market close

• State Street (STT.US) - before market open