Economic calendar: US traders return from holiday

• European markets seen opening higher

• US traders return from long weekend

• European Q2 GDP report revision

European markets are seen opening higher and building onto yesterday's gains. Economic calendar on Tuesday looks bare as European Q2 GDP report revision and South African Q2 GDP report are the only noteworthy releases scheduled. Nevertheless, some action may be present in the early afternoon as US traders are returning from a long week. This will be the first Wall Street session after Tesla failed to get included into S&P 500 index so traders may want to pay more attention to tech stocks today.

10:00 am BST - Euro area, GDP report for Q2 2020 (second revision). First revision: -12.1% QoQ

10:30 am BST - South Africa, GDP report for Q2 2020. Expected: -16.5% YoY

Asian session ahead

2:30 am BST - China, inflation report for August. 

• CPI. Expected: 2.4% YoY. Previous: 2.7% YoY

• PPI. Expected: -2% YoY. Previous: -2.4% YoY