US data is in focus today. With a few notable earnings due later in the day.

Markets overnight have stabilised after a drop yesterday on fears of the debt ceiling talks breaking down once again.

In focus today is the US GDP with the estimated forecast of 1.1% YoY, but 4% QoQ. Initial jobless claims are also due to be released at 1:30 pm with claimant count expected to be at 242k.

The remainder of the day looks light on economic data, but a few earnings releases are due including Costco, Royal Bank of Canada, Medtronic, Ralph Lauren & Manchester United.