Economic calendar: Oil inventories data, CPI inflation from Canada

• European markets set for lower opening

• DoE report expected to show drop in energy inventories

• Canadian CPI data to be released at 1:30 pm BST

Futures markets point to a slightly lower opening of today's cash session. Day ahead looks calm in terms of scheduled data releases. Oil traders will be offered a DOE report at 3:30 pm BST that is expected to show a drop in energy inventories. Note that yesterday's API report showed a bigger-than-expected drop in oil inventories. CAD may get a chance to move in the early afternoon when Canadian CPI data is released at 1:30 pm BST. Last but not least, traders will be offered speeches from central bankers, including BoJ Governor Kuroda

9:00 am BST - Italy, CPI inflation for August (final). First release: 2.1% YoY

10:00 am BST - Euro area, industrial production for July. Expected: 0.5% MoM. Previous: -0.3% MoM

1:30 pm BST - US, New York Empire index for September. Expected: 18.1. Previous: 18.3

1:30 pm BST - Canada, CPI inflation for August. Expected: 3.9% YoY. Previous: 3.7% YoY

2:15 pm BST - US, industrial production for August. Expected: 0.5% MoM. Previous: 0.9% MoM

3:30 pm BST - DOE report on oil inventories

• Oil inventories. Expected: -3.8 mb

• Gasoline inventories. Expected: -1.9 mb

• Distillate inventories. Expected: -1.3 mb

Central bankers' speeches

• 1:20 pm BST - BoJ Governor Kuroda

• 1:30 pm BST - ECB Schnabel

• 4:00 pm BST - ECB Lane