Economic calendar: Markets await for Canadian macro readings

• Indexes in Asia and Europe pressured by Friday's declines on Wall Street
• Relatively poor macro calendar for today, readings from Canada in focus

The beginning of this week is relatively poor in terms of macro data and their importance, however, the whole week ahead is very interesting and it is likely that expectations of upcoming events will electrify the markets. We will learn the decisions of a number of major central banks from the Federal Reserve, the Bank of England and the Bank of Japan through Turkey's CBRT or Scandinavia's Riksbank and Norges Bank, as well as PMI readings from major economies. However today the economic calendar is relatively light and volatility related to macro readings is likely to occur only on the USDCAD.

Calendar of the day

13:15 BST - Canadian home construction starts. Expectations: 250 thousand Previously: 255 thousand.

13:00 BST - Inflation excluding energy and food prices in Poland. Expected: 10% Previously: 10,6%

13:30 BST - PPI and RMPI inflation from Canada m/m.

• PPI: Expected: 0.21% Previously: 0,4%
• RMPI: Expectations: 1% Previously: 3,5%

15:00 BST - US NAHB Real Estate Index. Expectations: 49 Previously: 50

21:00 BST - Long-term capital inflows in the US. Expectations: $195.9 billion Previously $116.5 billion

Central bankers speeches

• De Guindos of the ECB - 11:00 am
• Panetta from the ECB - 5:00 pm