Economic calendar: Pfizer and Peloton earnings; API Report

• European indices set for mixed opening
• Trade balance data from US and Canada
• US API crude oil stock change 
• Pfizer (PFE.US) and Peloton (PTON.US) earnings

European stock market indices are looking to open flat or slightly higher on Tuesday after a mixed session in Asia-Pacific. There aren't too many noteworthy readings scheduled for today, therefore trade balance data from US and Canada may have some impact on the markets. Oil traders await U.S. crude oil supply data from the American Petroleum Institute, due later in the day. Apart from that, investors will be served several interesting US earnings reports, including results from Pfizer and Peloton. Due to lack of major stats, focusing on geopolitical issues and news headlines seems to be the way to go today. 

9:00 am GMT - Italy, Retail Sales m/m for December. Expected:-0.5%. Previous: -0.4%

11:00 am GMT - US, NFIB small business optimism index for January. Expected: 97.4 Previous: 98.9

1:30 pm GMT - Canada, Trade balance for December. Expected: 2.5 billion. Previous: 3.1 billion

1:30 pm GMT - US, Trade balance for December. Expected: -83.0 billion. Previous: -80.2 billion

9:30 pm GMT - US, API report. Previous: -1.645 million

Top US earnings:

Peloton (PTON.US) - after market close

Pfizer (PFE.US) - before market open

Chipotle Mexican Grill (CMG.US) - after market close

Coty Inc. (COTY.US) - before market open

Harley-Davidson (HOG.US) - before market open

Lyft (LYFT.US) - after market close

Sysco (SYY.US) - before market open

Warner Music Group (WMG.US) - before market open