Economic calendar: Canadian employment data, Fed speakers

• European indices set for higher opening
• Jobs reports from Canada
• Speeches from Fed members
• EU Economic Summit

Futures markets point to a higher opening of the European cash session today. Moods improved during the Asian trading session as investors assessed softer-than-expected Chinese inflation data that gave the PBOC room to keep monetary policy accommodative. USD weakened on Friday as markets digested another set of hawkish comments from Fed members, while EUR bounced off the parity level as investors expect further rate hikes from the ECB. 

Economic calendar for the day ahead looks interesting. Europe’s energy and finance ministers will meet today for discussions on how to deal with soaring power prices and may provide more details regarding the price cap on Russian gas. Investors will also be offered jobs reports from Canada and several Fed speakers which may be the sources of volatility in the afternoon. 

1:30 pm BST - Canada, jobs report for August.

• Employment change. Expected: 15.0k. Previous: -30.6k

• Unemployment rate. Expected: 5.0%. Previous: 4.9%

3:00 pm BST - US, Wholesale Inventories for July. Expected 0.8% MoM. Previous 1.9% 

Central bankers' speakers

• 10:30 am BST - ECB Lagarde
• 5:00 pm BST - FED George
• 5:00 pm BST - FED Waller
• 5:00 pm BST - FED Evans