Economic calendar: OPEC+ meeting, Fed speakers

• European indices set to open lower

• OPEC+ meeting

• Fed speakers in the evening

European index futures point to a lower opening of the cash trading session today. However, major indices from the Old Continent are expected to launch today's trading around 0.5-1.0% above overnight lows. Omicron remains one of the key themes in the markets and yesterday's plunge in US equities triggered by the first US case is a perfect example of how closely the story is watched by market participants.

Economic calendar for the day ahead is light with a lack of top-tier releases scheduled. However, it should be remembered that OPEC+ is set to meet today to decide on output (around 1:00 pm GMT). There are no hints on what the cartel could do (representatives remained silent after yesterday's OPEC meeting) therefore there is a big chance for volatile moves on the oil market in the early afternoon.

10:00 am GMT - Euro area, PPI inflation for October. Expected: 19.1% YoY. Previous: 16.0% YoY

1:30 pm GMT - US, weekly jobless claims. Expected: 240k. Previous: 199k

3:30 pm GMT - EIA natural gas storage. Expected: -58 bcf. Previous: -21 bcf

Central bankers' speeches

• 1:30 pm GMT - Fed Bostic

• 4:00 pm GMT - Fed Quarles

• 4:30 pm GMT - Fed Daly

• 4:30 pm GMT - Fed Bostic