Economic calendar: The final trading session of 2022

• European markets set to open lower
• Some markets will be open with reduced hours
• Chicago PMI for December
• Flash CPI reading from Spain 

European index futures point to a lower opening of today's cash session on the Old Continent. The week is slowly drawing to a close and so is the terrible financial year that has brought stocks and bonds to their worst yearly run in more than a decade. A point to note is that today will be the final trading session of the year and some markets are shut, while other will close early.

Economic calendar is rather empty today. European traders will focus on flash CPI reading for December from Spain. The Chicago PMI and Baker Hughes oil rig count will be released in the afternoon, but they rarely have a major impact on the markets. The lack of stats will leave COVID-19 news updates to continue to influence.

8:00 am BST - Spain, CPI inflation for December. Expected: 6.1% YoY. Previous: 6.8% YoY

2:45 pm GMT - US, Chicago PMI for December. Expected: 40.0. Previous: 37.2

6:00 pm GMT -US, Baker Hughes oil rig count. Previous 622

The following markets will be open with reduced hours:

• UK100,  - trading till 1:00 pm GMT

• USDCLP, - trading till 3:30 pm GMT

Trading on the following instruments will be closed:

• BRAComp, 

• USDBRL, 

• KOSP200