UPCOMING EVENTS:Monday: UK/US Holidays, German IFO.Tuesday: Australia Retail Sales, Canada PPI, US Consumer Confidence.Wednesday: Australia Monthly CPI, Fed Beige Book.Thursday: Switzerland GDP, Eurozone Unemployment Rate, US GDP 2nd Estimate, US Jobless Claims.Friday: Tokyo CPI, Japan Retail Sales and Industrial Production, China PMIs, Switzerland Retail Sales, Switzerland Manufacturing PMI, Eurozone Flash CPI, Canada GDP, US PCE. TuesdayThe US Consumer Confidence is expected to tick lower in May to 95.9 vs. 97.0 in April. The last report missed expectations by a big margin reaching the lowest level since July 2022. The Chief Economists at The Confere
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