Economic calendar: Long weekend in the US and UK

• European markets expected to open lower
• US and UK markets closed for holiday

European stock markets are expected to launch today's session lower following mixed trading in Asia. The day is looking to be a calm one as traders from the United States and UK are observing national holidays today. US indices, precious metals and WTI will trade until 6:00 pm BST. UK indices, US stocks and agricultural commodities will not trade today. When it comes to data releases, inflation figures from the Eurozone and stats from Canada will put the EUR and the Loonie in focus.

8:30 am BST - Spain, Flash CPI y/y. Expected 2.4%.Previous 2.2%

10:00 am BST - Italy, Prelim CPI y/y. Expected 1.2%.Previous 1.1%

1:00 pm BST - German, Prelim CPI y/y. Expected 2.4%.Previous 2.0%

1:30 pm BST - Canada, Current Account. Expected 2.4 B. Previous -7.3B

1:30 pm BST - Canada, Raw Material Price Index for April. Expected 1.7%. Previous 2.3%

1:30 pm BST - Canada, Industrial Product Price for April. Expected 0.8%. Previous 1.6%