Economic calendar: Jobs data in the spotlight!

• European indices set for flat opening
• Jobs data from the United States and Canada
• EIA report expected to show 65 bcf build in US natural gas inventories

European stock market futures point to a flow or slightly higher opening for major blue chips indices from the Old Continent today. Markets seem to have calmed after yesterday's sell-off trigger by solid US data. However, one cannot rule out declines resuming if the US NFP report at 1:30 pm BST also shows strong jobs growth, like the ADP report did yesterday. Apart from US jobs data, traders will also be offered a jobs report from Canada, also at 1:30 pm BST so USDCAD may see some wild moves around that time. Commodity traders will focus on EIA report on US natural gas inventories.

9:00 am BST - Italy, industrial production for May. Expected: +0.1% MoM. Previous: +0.2% MoM

1:30 pm BST - US, NFP report for June.

• Non-farm payrolls. Expected: +225k. Previous: +339k (ADP: +497k)
• Unemployment rate. Expected: 3.6%. Previous: 3.7%
• Wage growth. Expected: 4.2% YoY. Previous: 4.3% YoY

1:30 pm BST - Canada, jobs data for June.

• Employment change. Expected: +21k. Previous: -17.3k
• Unemployment rate. Expected: 5.3%. Previous: 5.2%

3:30 pm BST - EIA report on US natural gas storage. Expected: +65 bcf. Previous: +76 bcf

Central bankers' speeches

• 9:30 am BST - ECB De Guindos

• 1:00 pm BST - ECB Nagel

• 3:30 pm BST - BoE Mann

• 4:30 pm BST - Fed Goolsbee

• 5:45 pm BST - ECB President Lagarde