Economic calendar: BoC decision, DOE report

• European markets set to open slightly lower
• Bank of Canada interest rate decision
• DOE report on oil inventories

Futures markets point to a slightly lower opening of today's cash trading session in Europe. Once again the economic calendar for the European morning is empty with no major releases scheduled. However, things get a bit more interesting in the afternoon, especially for CAD traders. Bank of Canada is set to announce a monetary policy decision at 3:00 pm GMT. Rates will remain unchanged but some important guidance may be offered, especially given a recent hawkish shift from Fed officials like Powell and strong economic data from Canada. Oil traders will focus on DOE report at 3:30 pm GMT.

12:00 pm GMT - US MBA mortgage applications w.e. 3 December. Previous -7.2%

3:00 pm GMT - US, JOLTS Job Openings. Expected: 10.45 million. Previous: 10.44 million

3:00 pm GMT - Bank of Canada decision

3:30 pm GMT - DOE report on oil inventories.

• Oil inventories. Expected: -1.705 mb (API: -3.089 mb)

• Gasoline inventories. Expected: 1.798 mb

• Distillate inventories. Expected: 1.571 mb

Central bankers' speeches

• 8:15 am GMT - ECB President Lagarde