Tuesday: The early data release highlights in Europe on Tuesday include France confidence indicators for April, the IFO survey in Germany for April and March UK public sector net borrowing data and April CBI business optimism data. In the US the most significant release is the April consumer confidence print, while March new home sales, February S&P/Core Logic home prices and April Richmond Fed PMI are also due. Away from the data the ECB’s Villeroy is due to speak in the morning, while French President Macron and US President Trump are due to meet. The main earnings highlights on Tuesday are Caterpillar, Verizon and Coca-Cola.
Wednesday: A fairly quiet day with no significant data to highlight. The ECB’s Villeroy, Knot and Lane are due to speak in the morning while the big earnings reports due out are from Credit Suisse, AT&T, Boeing, eBay, Twitter and Facebook.
Friday: It’s a busy end to the week on Friday. Overnight, all eyes will be on the BoJ monetary policy meeting and Governor Kuroda’s press conference. Datawise in Japan we’ll also get March jobless rate data and industrial production while China’s industrial profits data for March is also out. In Europe we’ll get flash April CPI reports in France and Spain along with the advance Q1 GDP reading in the former. Germany’s unemployment rate for April is also out along with the advance Q1 GDP report for the UK and April confidence indicators for the Euro area. In the US all eyes are on the first release of Q1 GDP along with the Q1 employment cost index and final April University of Michigan consumer sentiment report. Away from the data, South Korea President Moon Jae-in and North Korea Leader Kim Jong Un are due to hold a summit while Germany’s Merkel is due to meet with US President Trump. Exxon Mobil and Chevron are due to report earnings.