What's coming up on the economic calendar in North American trade

Housing and consumer sentiment due up

The economic calendar is light but steady today. Much of the focus will be on equities with earnings in focus and futures set for a second day of losses (S&P futures -11 after a 19-point fall yesterday).

McDonald's just reported earnings with a solid beat on the top and bottom line. For the broader economy, they said same store sales were +4.5% versus 4.3% y/y expected. AMD reports at the close.

The next data release is at the top of the hour with the Case-Shiller US November house price index.

At 1500 GMT (10 am ET), January US consumer confidence is due out. That has the potential to be a market mover and is expected at 123.0.

Thirty minutes later at 1530 GMT, Bank of England leader Mark Carney takes questions from parliament in the main risk for GBP on the day.

At 1630 GMT, ECB heavyweight Mersch is set to weigh in.

Much later -- at 9:10 pm ET -- Trump delivers the State of the Union.