Economic calendar: German Ifo index, Fed speakers

• European markets set for slightly higher opening

• German Ifo index for March

• 3 Fed members set to speak

Futures markets point to a slightly higher opening of today's cash session in Europe. DAX futures trade around 30 points above yesterday's cash close. Economic calendar for the day ahead is light. Traders will be offered German IFO print for March in the morning as well as revision of Spanish GDP data for Q4. Revision of UoM data for March and US pending home sales will be released in the afternoon. However, neither of those reports is expected to result in a volatility jump on the markets. A number of Fed speakers in the afternoon may trigger some moves on USD market. Looking past economic releases, US President Joe Biden continues his visit to Europe, where he meets with NATO allies.

8:00 am GMT - Spain, GDP report for Q4 2021 (revision). First release: 2.0% QoQ

9:00 am GMT - Germany, IFO business climate for March. Expected: 94.1. Previous: 98.9

2:00 pm GMT - US, pending home sales for February. Expected: 1.6% MoM. Previous: -5.7% MoM

2:00 pm GMT - US, University of Michigan consumer sentiment for March (final). First release: 59.7

Central bankers' speakers

• 2:00 pm GMT - Fed Williams

• 3:30 pm GMT - Fed Barkin

• 4:00 pm GMT - Fed Waller