Coffee Break
Coffee Break - Listen to the Fed Chair
The US Federal reserve bank is meeting and Chairman Jerome Powell will hold a press conference which should emphasise that the progress on inflation has slowed in the first quarter.
The monthly US job report will be the arbiter on the strength of the labour market, in particular following the recent drop in employment in business surveys.
Preliminary inflation figures for April are due in the euro zone and some of its members, including France, Spain, Germany, and Italy. Preliminary GDP growth estimates of the past quarter will also be in the spotlight.
Final numbers on industrial production and retail sales from developed countries will help investors gauge consumer spending and provide insight into the state of the economic cycle.