A preview of what to expect on the calendar front today

Howdy, everyone! I hope you're all having a good day so far. Yesterday, we had some sources saying that Chinese officials recommended to slow down or halt purchases of US Treasuries here which caused the dollar to sell off - only for reports today to say that they may be false! Well, what's new in the market am I right?

Anyway, here is what's on the calendar for today's European trading session:

0730 GMT - Bank of France Dec industry sentiment indicator

This is a survey on business managers collecting their estimates on how the French industrial sector is performing. Not a major market mover by any chance - provides an indicative look at Eurozone sentiment. Prior reading can be found here.

0800 GMT - Spain Nov industrial production data

0900 GMT - Italy Nov retail sales data

Some minor data points from the Eurozone, nothing that will really move markets on these two data points - just a general sentiment on the economies in Europe.

0900 GMT - Germany 2017 annual GDP release

Non-seasonally adjusted numbers. Expected reading is for a growth of 2.3% y/y. Probably one of the more relevant data points - though anything above 2% would be considered a good reading. Earlier in the week, Germany's deputy economy minister said that he expects 2017 growth of 2.2% here. Back in October, the German government raised GDP forecasts to 2.0% for the year - hence, why anything above that would be considered good.

1000 GMT - Eurozone Nov industrial production data

Not one that really has any impact, as the data points for the individual countries have already been released prior to that. Germany's one was the highlight to watch, so expect a muted reaction to this data. Expected reading for the y/y is +3.1% from +3.7% prior despite the beat in German data earlier here.

1230 GMT - ECB publishes account of Dec MPC meeting

This was the statement released during the meeting. Expect more of the same from the release of this, so shouldn't really have much impact unless we see a surprise - which we shouldn't. The ECB also released its December economic bulletin here which contains more of the same message.

That's about it for European trading, not too many data points to lean on today. Hope you all have a nice day ahead and as always, good luck with your trading!