Economic calendar: PMIs from Europe

• European markets seen opening higher

• Markets in US, UK and Canada are closed for holiday

• Manufacturing PMI releases from Europe

European stock market indices are expected to launch today's trading higher following a quiet Asian session as markets in Australia, New Zealand, China and Japan were closed. Also traders from the US, UK and Canada will celebrate a holiday today. Also several other markets will be shut, therefore liquidity conditions will be thinner (more details below). The economic calendar is rather light. European Manufacturing PMIs for December will be released throughout the day, however readings from major economies- Germany and France will be revisions and should not have a major impact on the markets. Things are getting more interesting later into the week with the US NFP report, FOMC meeting minutes, ISM manufacturing and services PMI and Jolts Job Openings. In Europe inflation rates for December will be released for the Euro Area, Germany, France and Switzerland.

8:15 am GMT - Spain, manufacturing PMI for December. Expected: 46.2. Previous: 45.7

8:45 am GMT - Italy, manufacturing PMI for December. Expected: 48.5. Previous: 48.4

8:50 am GMT - France, manufacturing PMI for December (final). First release: 48.9

8:55 am GMT - Germany, manufacturing PMI for December (final). First release: 47.4

9:00 am GMT - Eurozone, manufacturing PMI for December (final). First release: 47.8

Trading on the following instruments will be closed today:

AUS200, ALUMINIUM, COPPER, NICKEL, ZINC, US2000, US500, US100, US30, TNOTE, NATGAS, OIL.WTI, GOLD, SILVER, VIET30, CORN, SOYBEAN, WHEAT, SOYOIL, GASOLINE, LEANHOGS, CATTLE, CH50cash, IND50cash, SUGAR, COFFEE, COCOA, COTTON, VOLX, VIX, USDIDX, UK100, OIL, SUI20, PALLADIUM, PLATINIUM, USDCLP, RUS50, JAP225, HKComp,  CHNComp