Economic calendar: US inflation and FOMC minutes in focus

• European markets set to open more or less flat

• US CPI data for September and FOMC minutes in the spotlight

• JPMorgan launches banking earnings marathon

Futures markets point to a more or less flat opening of today's cash session for major blue chips indices from the Old Continent. Trading session in Asia has been rather calm and it looks like European trading is set to begin in similar moods. 

While there was a scarcity of top-tier macro events on Monday and Tuesday, things look different on Wednesday. Investors will be offered US CPI data for September in the early afternoon, followed by release of FOMC minutes in the evening. On top of that, one should not forget that big US banks start reporting Q3 results today with JPMorgan being the first to report (before Wall Street session open)

10:00 am BST - Euro area, industrial production for August. Expected: -1.6% MoM. Previous: 1.5% MoM

1:30 pm BST - US, CPI inflation for September.

• Headline. Expected: 5.3% YoY. Previous: 5.3% YoY

• Core. Expected: 4.0% YoY. Previous: 4.0% YoY

7:00 pm BST - FOMC minutes

9:40 pm BST - API report on oil inventories. Expected: 0.1 mb. Previous: 0.95 mb

Top Wall Street earnings

• BlackRock (BLK.US) - before market open

• Delta Air Lines (DAL.US) - before market open

• JPMorgan (JPM.US) - before market open