Economic calendar: CPI data from Germany

• European markets set for flat opening

• Flash August CPI data from Germany

• UK traders off for holiday

Moods on the global financial markets are upbeat at the beginning of a new week. Stocks moved higher during the Asian session after Powell's Friday speech showed he remains a big dove. Oil is trading higher following a landfall of the Ida hurricane in the US Gulf area. Majority of the US oil production facilities in the region have been shut down. Meanwhile, futures markets point to a flat opening of the European session. Note that session on the Old Continent may be a bit more muted today as UK traders are observing the summer bank holiday.

When it comes to economic data scheduled for release today, German flash CPI reading for August is a key release of the day. German price growth is expected to accelerate slightly from an already-elevated levels. Zoom Video Communications will report earnings after close of the Wall Street session.

8:00 pm BST - Spain, HICP inflation for August. Expected: 2.9% YoY. Previous: 2.9% YoY

1:00 pm BST - Germany, CPI inflation for August. Expected: 3.9% YoY. Previous: 3.8% YoY

3:00 pm BST - US, pending home sales for July. Expected: 0.5% MoM. Previous: -1.9% MoM

Central bankers' speeches

• 4:00 pm BST - ECB Schnabel

US earnings reports

• Zoom Video Communication (ZM.US) - after market close