Economic calendar: BoC decision and Fed speakers

• European markets set to open flat

• Bank of Canada to announce decision at 3:00 pm BST

• API report, Fed speakers

Futures markets point to a flat opening of today's cash session on the Old Continent. Situation looks to be stabilizing following yesterday's declines on the stock markets. Cryptocurrencies have also stabilized with Bitcoin trading in a narrow $1,000 range during the Asian session. Nevertheless, coin made a break below the lower limit of the range at $46,000 this morning and dropped towards $45,000.

There aren't too many data releases scheduled for today. Nevertheless, there are some noteworthy events scheduled for the day ahead. The Bank of Canada is set to announce a monetary policy decision at 3:00 pm BST. BoC is expected to stay on hold given weaker data from Canada recently. Any actions by BoC are more likely at October's meeting as a new set of forecasts will be released then. Apart from the BoC decision, investors will also be offered API report on oil stocks and speeches from Fed members.

9:00 am BST - Italy, retail sales for July. Expected: 0.3% MoM. Previous: 0.7% MoM

3:00 pm BST - Bank of Canada rate decision.

9:40 pm BST - API report on oil inventories. Expected: -1.2 mb. Previous: -4.05 mb

Central bankers' speeches

• 6:10 pm BST - Fed Williams

• 11:00 pm BST - Fed Kaplan

US earnings

• GameStop (GME.US) - after market close