Economic calendar: FOMC minutes and Eurozone GDP in focus!

• European markets lose at the start of the session 

• FOMC minutes - the macro event of the day

• EU50 loses nearly 0.17% before the open

The start of Wednesday's session on European markets brings declines in the quotations of most stock market benchmarks, extending the worse mood of the Asian session and yesterday's session on Wall Street. The German DAX is currently losing 0.05%, while the EU50 is down 0.17%. 

Overall, today's session will focus primarily on the FOMC Minutes. At the beginning of the session, the instruments recording the highest volatility are (FX market) NZD and JPY (upside) CAD and USD (downside); (commodities) WHEAT and SILVER (upside) COTTON and ZINC (downside). 

Calendar for today's session: 

09:00 am BST - GDP report from Poland n.s.a. (y/y) (Forecast: -0.3%. Previously: -0.3%)

•  q/q (Forecast: -2.5%. Earlier: 3.8%)

10:00 am BST - Eurozone GDP report (y/y) (Forecast: 0.6%. Previous: 1.0%)

•  q/q (Forecast: 0.3%. Previously: -0.1%)

01:00 pm BST - Core inflation in Poland for July (Forecast: 10.7% y/y. Previous: 11.1% y/y)

02:15 pm BST - U.S. industrial production for July (Forecast: 0.3% m/m. Previous: -0.5% m/m)

03:30 pm BST - Changes in oil inventories according to the DOE (Forecast: -2 bbl. Previously: 5.85 bbl)

07:00 pm BST - FOMC minutes