"We consider that Bernanke's speech was well balanced, with the door still open for cuts if needed." SocGen says mkt is afraid of upcoming broker earnings in the week of June 16. LEH's report should come at start of the week, Morgan Stanley at the end of the week. and Goldman on June 17.

The major indices extend their losses as disappointing auto sales data from General Motors (GM 17.20, -0.24) hits the wires.
General Motors reported May North American sales fell 28%, compared to the expected decline of roughly 20%. Truck sales plummeted 39%, while car sales fell 17%. GM's stock reverses into the red, going from a gain of 4.2% to a loss of 1.4%. GM's announced early this morning that it is closing four North America auto plants in an effort to save costs.
The stock market is now down 0.8% after being up as much as 0.5%.

The stock market suddenly retreats into the red, falling to its worst level of the session. The decline is broad-based, with only health care (+0.3%) and materials (+0.4%) still in positive territory. Crude prices are also under selling pressure, down 2.0% to $125.25 per barrel.
European markets ended their session higher, with a rebound in banks leading the way. London's FTSE rose 0.8%, Germany's DAX advanced 0.2% and France's CAC gained 1.0%.

The dollar rose to a two-week high against the euro and increased versus the yen after Federal Reserve Chairman Ben S. Bernanke said the central bank is ``attentive'' to the implications of the currency's decline.
Traders interpreted the remarks as a sign that policy makers are done cutting interest rates as the weakened dollar causes the price of imports including crude oil to rise, sparking inflation. The U.S. currency has tumbled 9 percent against the euro and the yen since the Fed began cutting the target lending rate on Sept. 18.
``It could be a turning point for the dollar,'' said Michael Woolfolk, senior currency strategist in New York at Bank of New York Mellon, the world's largest custodial bank, with more than $20 trillion in assets under administration. ``It's very unusual for a sitting Fed chairman to talk about the dollar explicitly.''
The dollar has increased 3.5 percent since touching the all-time low of $1.6019 per euro on April 22, as the Fed signaled it will stop cutting interest rates. It has arranged $39 billion of financing to facilitate the takeover of Bear Stearns Cos. by JPMorgan Chase & Co.
The Fed is working with the Treasury to ``carefully monitor developments in foreign exchange markets'' and is aware of the effect of the dollar's decline on inflation and price expectations, Bernanke said via satellite to the International Monetary Conference in Barcelona, Spain.
``Bernanke is now saying that he also has an interest in the level of the currency,'' said Torsten Slok, a U.S. economist with Deutsche Bank AG in New York, the biggest currency trader. ``If the last bastion of dollar weakness -- U.S. indifference -- is falling away, the dollar may rally.''
The dollar will strengthen to $1.49 against the euro by the end of the year, according to the median forecast of 44 economists surveyed by Bloomberg News. It's expected to increase to 105 yen.
The U.S. currency's gains against the euro may erode before the European Central Bank's meeting on June 5 and the U.S. Labor Department's payroll report the next day, according to Marc Chandler, global head of currency strategy at Brown Brothers Harriman & Co. in New York.
The ECB will keep its main refinancing rate at a six-year high of 4 percent, according to all 59 economists surveyed by Bloomberg News. The U.S. probably lost 60,000 jobs in May, after a decrease of 20,000 the prior month, according to the median forecast of 78 economists in a separate Bloomberg survey.
The U.S. currency fell earlier against the euro on speculation credit market losses will widen.
Lehman Brothers Holdings Inc. may seek as much as $4 billion by selling common stock, the Wall Street Journal reported, citing unidentified people with knowledge of the matter. Lehman spokesman Mark Lane declined to comment. S&P downgraded the credit ratings of Lehman, Morgan Stanley and Merrill Lynch & Co. yesterday, saying they may disclose more writedowns for devalued assets.

"Factory orders jumped a larger than expected 1.1% in April as the durables component was revised down marginally to -0.6% but nondurables surged 2.8% on what was likely a mostly price-related spike in petroleum. Nondefense capital goods ex aircraft orders, the key core gauge, still posted a sharp gain in April after several declines, but the upside was revised down slightly to +4.0%. Details bearing on GDP growth were negative overall. Inventories were flat... we now see inventories subtracting 1.0pp from Q2 GDP growth, down from our prior forecast of -0.6pp. Meanwhile, nondefense capital goods ex aircraft shipments were revised lower in April to +0.2% from +0.5%... We now see investment in equipment and software falling 2.2% in Q2 and overall investment declining 0.5%, up from our prior forecasts of -2.9% and -1.0%. Netting the inventory and investment adjustments, we reduced our Q2 GDP forecast to -0.9% from -0.6%."

The stock market gives up some of its advance following a increase in broad-based selling pressure. The Dow has fallen into negative territory, although its loss is slight.
Within the Dow, 20 of the 30 components are in positive territory. Weakness in Boeing (BA 78.58, -2.57) is acting as the limiting factor, as it is shedding 18 points off the Dow.

Wall Street edged higher Tuesday morning, thanks to oil prices and a narrower-than-expected drop in factory orders, however gains were limited by news that GM will be shutting plants and a Lehman may need to raise more capital.
Factory orders rose 1.1% in April after increasing 1.5% in March, the government reported. Sales were expected to drop 0.1% in the month.
Financial sector woes dragged on stocks Monday after S&P cut its debt rating on a number of banks, and Wachovia and Washington Mutual announced management shakeups.
Toll Brothers reports results: The homebuilder reported a fiscal second-quarter loss that was nonetheless narrower than what analysts were expecting, sending shares higher.
The Federal Reserve Chairman Bernanke said the economy remains under pressure, but implied that the central bank is unlikely to cut interest rates again soon due to rising oil prices and other inflationary pressures.
Oil prices fall: U.S. light crude oil for July delivery fell $1.31 to $126.45 a barrel on the New York Mercantile Exchange.
Treasury prices fell, raising the yield on the 10-year note to 4.01% from 3.96% late Monday.
COMEX gold for August delivery fell $10.50 to $886.50 an ounce.

The pare has rebounded to $1.5450 area after finding a base at $1.5410 tech support area and traders now eyeing $1.5485 as nearby resistance that could contain and leave downside potential in place.

The major indices give a up a portion of their factory orders induced gains as financials (-0.3%) retreat into the red. The Nasdaq is outperforming as tech gains 0.8%.
Crude oil prices have eased 1.1% to $126.30 per barrel, which is giving a 2.2% boost to the Amex Airline Index. Commodities as a whole have slipped 0.9% as the dollar advances 0.6% against a basket of world currencies.

- Less market volatility, but still seeing some tension
- Seen some evidence of tighter credit conditions
- Must continue to monitor financial markets carefully

The major indices extend their gains on a better-than-expected economic release. April factory orders rose 1.1%, after increasing 1.5% in March. The result was better than the expected a decline of 0.1%. Orders increased 2.6% when excluding transports. Importantly, this report does not indicate an economy that is in a recession. Eight of the ten economic sectors are posting a gain. Materials (+1.0%) saw a surge in buying interest on the report.

Tony Crescenzi from Miller, Tabak's says "Fed Chairman Ben Bernanke delivered a strong defense of the U.S. dollar. His defense was about as strong as he could make it given the U.S. policy of letting only the U.S. Treasury Secretary speak about matters concerning the dollar.”

Much stronger-than-expected Factory orders report fueled the catalyst for dollar rally (+1.1% versus the med. estimate -0.1%). Currently EUR/USD probes new session lows around $1.5415, GBP/USD declined to $1.9608, while USD/JPY rose up to Y105.45/50.

EUR/USD: $1.5750
USD/JPY: Y104.00, Y105.00, Y105.15, Y106.00
AUS/USD: $0.9480
USD/CAD C$0.9980

"employment still weak at 45.5, suggesting this is productivity driven output gains, not employment driven. Therefore, Friday's payroll report could still show a big factory job loss. This report is consistent with about 2.5% GDP growth and represents upside risk to Wed's ISM Non-Mfg report, given the correlation between the two indexes."

A cautious open was on tap Tuesday for Wall Street as investors kept an eye on oil prices and awaited word of possible plant closings at General Motors.
Oil prices slipped to $127.73 a barrel in Asian electronic trading, and remained about $8 below the record above $135 set May 22. Market participants are looking for clues about whether another run at the record is imminent.
U.S. stocks finished lower Monday, hurt by new data showing a soft economy, S&P ratings cuts for some leading investment banks and shakeups of management at banking companies Wachovia and Washington Mutual.
This should give Ben Bernanke, chairman of the Federal Reserve, plenty to talk about when he provides his economic outlook via satellite to the International Monetary Conference at in Barcelona, Spain. Also today the Senate Commerce Committee will hold a hearing on energy price manipulation, federal enforcement, and the state of the oil and gas markets.
In addition, after the opening bell, the Department of Commerce is expected to announce a 0.1% slip in factory orders in April.
Corporate news: the automaker General Motors, which is holding its annual meeting Tuesday, is expected to announce plans to increase production of small and midsize cars, and close plants producing trucks and SUVs. The company will join its rivals later in the day to s report on auto and truck sales for the month of May.
The investment bank Lehman Brothers is considering whether to raise up to $4 billion as it prepares to report its first-ever quarterly loss as a public company, The Wall Street Journal reported Tuesday. Lehman's stock fell 8% on Monday following negative reports from analysts, and the company's losses could exceed $300 million when it reports quarterly earnings in the week of June 16.

USD/JPY holds near new session high on Y104.90, triggering some stops. Offers between Y105.30, lge exp Y104.00, stops Y103.80.

EUR/GBP probes support at stg0.7900, having challenged resistance at stg0.7940 earlier in the day. A break below stg0.7900 to open a deeper pullback toward stg0.7885/80.

HFE economist Ian Shepherdson: "ISM manufacturing index rose to 49.6 from 48.5, a bit above the consensus, 48.5. The plunge in auto production in recent months threatened to push the ISM down sharply but strength elsewhere appears to have offset it. New export orders rose to a three-year high of 59.5, up from 57.5. This is dead in line with the performance implied by the weakening of the dollar over the past year and will likely persist for a few more months yet. This helped boost overall orders, which rose to 49.7 from 46.5, and production, up to 51.2 from 49.1. But employment was little changed at a weak 45.5; export gains are not enough to offset productivity growth so manuf jobs are still being lost. Overall, soft but not catastrophic; but remember this is a deeply atypical, consumer-led downturn."

The next data was issued
09:00 EU(15) PPI (April) Y/Y 6.1% 6.1% 5.7%
09:00 EU(15) PPI (April) 0.8% 0.8% 0.7%
09:00 EU(15) GDP (Q1) preliminary Y/Y 2.2% 2.2% 2.2%
09:00 EU(15) GDP (Q1) preliminary 0.8% 0.7% 0.4%

The dollar fell by signs that the U.S. financial sector, and thus probably the economy, is still far from out of the woods. The Wall Street Journal reported on Tuesday that U.S. investment bank Lehman Brothers may raise up to $4 billion in new capital, suggesting the firm could post its first quarterly loss since going public.
The news added to risk aversion stoked during the previous session after Standard & Poor's cut its credit ratings on Lehman, Merrill Lynch and Morgan Stanley and said their outlooks were predominantly negative.
Data on Tuesday showed annual euro zone producer price inflation surging to 6.1 percent, its highest in 7-1/2 years, while first quarter growth was revised slightly higher.

EUR/USD: Opened in early Europe around $1.5552. European dealing saw the greenback under pressure on the back of the WSJ article alleging more writedowns to come out of the US, rate pushing up steadily over the balance of the morning, with widely reported stops through $1.5600 targeted and triggered en-route to $1.5628. Euro-dollar eased back under the figure to trade around $1.5590 ahead of the US open. Offers $1.5630, $1.5640/50, tech $1.5665, bids $1.5580, $1.5555/45
GBP/USD: Opened early Europe at $1.9645. Cable recovered to $1.9645 into Europe, but came under further pressure, extending lows to $1.9612 before recovering, easing to $1.9650 ahead of NY.Cable bids $1.9650/40, $1.9610/00. Offers $1.9690-00/10, $1.9740/50
USD/JPY: Opened in early Europe around Y104.25.European dealing opened with dollar-yen coming back to test Monday's low, this level giving wat as the pair eased to Y103.88. Talk of large expiry interest at Y104.00 today provided support, with rate able to push back to Y104.40 by the end of the morning. Dlr-yen offers Y104.70/80, Y105.30, lge exp Y104.00, stops Y103.80

At 1400GMT, US factory new orders are expected to hold steady in April on an already reported 0.5% decline in durables orders.

``We're bearish on the pound,'' said Kimihiko Tomita, head of foreign exchange in Tokyo at State Street Bank & Trust Co., a unit of the world's largest money manager. ``The U.K. housing market is turning out to be worse than some people expected and their financial sector is facing a difficult time.''

EUR/USD: $1.5750

USD/JPY: Y104.00, Y105.00, Y105.15, Y106.00

"Our longstanding forecast for two more 25 bpfed funds rate cuts to 1.5% this year has become a distinctly minorityview since the Fed started signaling a preference to be on hold.However, history reminds us that the Fed and fixed-income markets can undergo rapid opinion shifts, as happened in January. Key upcoming signposts for whether the Fed eases further as soon as the June 24-25 FOMC meeting will be May statistics on labor markets, purchasing agents, and retail sales."

- Slowdown in EU HICP to be a slow process
- Eurozone economy faces no risk of recession
- Oil, food prices to remain high, must get used to it

Resistance 3: Y105.90
Resistance 2: Y105.50
Resistance 1: Y104.70
Current price: Y104.35
Support 1: Y103.90

Support 2: Y103.20

Support 3: Y102.70

Resistance 3: $1.9850
Resistance 2: $1.9770Resistance 1: $1.9700
Current price: $1.9664
Support 1: $1.9600
Support 2: $1.9520
Support 3: $1.9440
Comments: Cable rebounds. The nearest support is yesterdays low at $1.9600. Importnant level is also at $1.9520. Further losses may widen till May 16 low at $1.9440. Growth above recently broken support at $1.9700 will open a way to $1.9770 and than to May high at $1.9850.

Resistance 3: Chf1.0520
Resistance 2: Chf1.0440
Resistance 1: Chf1.0380Current price: Chf1.0319

Support 1: Chf1.0270
Support 2: Chf1.0220

Support 3: Chf1.0170

Comments: Dollar tries to rebound. Below Chf1.0270 correction may widen to May lows on Chf1.0220 and lower - till Chf1.0170. The nearest resistance is Chf1.0380, above comes yesterday's high at Chf1.0440. Friday’s high around Chf1.0520 is a medium resistance with a break above rate will target Chf1.0580

Resistance 3:$1.5760
Resistance 2: $1.5660
Resistance 1: $1.5620Current price: $1.5610

Support 1: $1.5460
Support 2: $1.5420
Support 3: $1.5365

Comments: Euro trades lower recent high on $1.5620, next band of resistance is around $1.5660 and then – on Wednesday’s high on $1.5760.The nearest support remains at Friday’s low on $1.5460. Below losses may extend to $1.5420.

Squeezing higher, moves above $1.5610 and edges into next band of reported sell interest between $1.5615/25. Above here and rate can progress toward $1.5640/50. One trader earlier suggested we could see a squeeze toward $1.5625, adding that this area could provide for a decent short entry point.

closing
Nikkei +101.60 +0.71% 14,440.14
FTSE -45.90 -0.76% 6,007.60
DAX -88.02 -1.24% 7,008.77
CAC -79.07 -1.58% 4,935.21
Dow -134.50 -1.06% 12,503.82
NASDAQ -31.13 -1.23% 2,491.53
S&P -14.71 -1.05% 1,385.67
10yr Note -0.8300 -0.205% 3.963%
NYMEX Crude Oil +0.90 +0.71% 128.25
Gold +5.40 +0.61% 896.90

Asian stocks gained for the third day on expectations demand for row materials will support prices.
Mizuho, Japan's second-largest publicly traded bank by market value, surged 6.7 percent to 591,000 yen, the highest since Dec. 12.
Mitsubishi UFJ Financial Group Inc., the largest, rose 4.7 percent to 1,129 yen. The 85-member Topix Banks Index climbed 3.9 percent to its highest since Dec. 13.
Sony, the world's No. 2 consumer-electronics maker, rose 4.6 percent to 5,520 yen, its highest close since Jan. 18. The stock was raised to ``buy'' from ``neutral'' at Goldman Sachs, citing the weakness in the yen and sustained demand in North America.

European stocks fell for the first time in four days as Bradford & Bingley Plc said it will raise capital, reviving concern credit losses are spreading.
Bradford & Bingley plummeted 21.25% after the lender slashed the price of its rights offering and said it will sell a 23 percent stake to TPG Inc. for 179 million pounds ($353 million).
The company had a pretax loss of 8 million pounds, including one-time items, in the first four months of the year, and Chief Executive Officer Stephen Crawshaw resigned for health reasons.
HBOS sank 10%. Alliance & Leicester Plc decreased 5.2%. Air France, Europe's largest airline, lost 3.5%. Deutsche Lufthansa AG, the region's second-biggest carrier, slipped 2.5%.
Michelin & Cie. retreated 4.9% after Credit Suisse Group cut its share-price estimate on the world's second-largest tiremaker by 19% and reiterated its ``underperform'' recommendation.Credit Suisse also lowered its price target on Continental AG shares by 2 percent to 93 euros and removed the stock from its ``focus list.'' The shares fell 4.6%. Roche, the world's biggest maker of cancer medicines, rose 4.6% after clinical data showed its Avastin tumor drug helped patients live longer.
Novartis AG climbed 2.3%. Switzerland's second-largest drugmaker said its experimental cancer treatment RAD001 made the Femara medicine more effective in breast-cancer patients.
Merck KGaA fell 2.8 percent to 87.79 euros after new data on the Erbitux cancer drug cast doubt it can overtake Roche's Avastin as the medicine of choice for bowel and lung tumors.

US stocks closed Monday lower on new worries about the financial sector after S&P cut its debt rating on a number of banks, and Wachovia and Washington Mutual announced management shakeups. The broad stock declines accelerated in the afternoon after S&P said it was cutting its debt rating on Merrill Lynch, Lehman Brothers and Morgan Stanley to "negative" from "stable" and cut its long-term outlook on JP Morgan Chase and Bank of America. The changes followed S&P's conclusion of its review of the securities industry.

Best Buy The electronics retailer was unveiling a program Monday that would allow customers to bring in old TV sets and other gadgets so that they can be properly disposed, and not poison the nation's landfills.

The pound fell and the yen advanced on speculation spreading credit market losses at banks will result in slower economic growth and discourage policy makers from raising interest rates.

Sterling dropped the most in more than three weeks versus the dollar after Bradford & Bingley Plc, the U.K.'s biggest mortgage lender to landlords, said it will sell shares at a 33 percent discount. The yen rose against all of the major currencies as a decline in European and U.S. stocks eroded demand for higher-yielding assets funded in Japan.
The pound weakened after Bradford & Bingley Chief Executive Officer Stephen Crawshaw quit yesterday, citing health reasons. TPG Inc., a leveraged buyout firm, is in talks to buy a 20 percent stake in the mortgage lender. It plans to raise an additional 250 million pounds ($490 million) from shareholders.
The U.S. currency rose earlier against the euro as crude oil fell by as much as 1.7 percent to $125.22 a barrel, easing concern high commodity prices will reduce U.S. consumer spending. Crude reached a record high of $135.09 on May 22.

Eurozone data sees the first details of Q1 GDP data as well as April PPIat 0900GMT. The GDP should be 0.7% q/q, 2.2% y/y with industrial PPI at0.8% m/m, 6.1% y/y.

In the US today at 1300GMT, Fed Chairman Ben Bernanke appears on a panel of central bankers at the International Monetary Conference, in Barcelona, with ECB President Jean-Claude Trichet, Bank of Japan Governor Masaaki Shirakawa and Bank of Spain Governor Miguel Fernandez Ordonez.

- Single currency has minimized impact of market turmoil
- Must not take benefits of the Euro for granted

The yen rose to a two-week high against the euro as concern credit-market losses will widen prompted investors to pare holdings of higher-yielding assets funded in the Japanese currency.The yen advanced versus the New Zealand dollar and the South African rand, favorites for so-called carry trades, as stocks slumped after Standard & Poor's lowered its debt rating on three of Wall Street's biggest securities firms. The currency extended gains after the Wall Street Journal reported Lehman Brothers Holdings Inc. may raise as much as $4 billion of extra capital, citing unidentified executives.
The dollar may fall before a government report today that will probably show weakness in U.S. manufacturing, showing there is less need for the Federal Reserve to raise interest rates.
The euro may be supported by speculation data will show the prices European companies pay for goods and services rose at the fastest pace in almost eight years, giving the European Central Bank less scope to lower borrowing costs.EUR/USD traded within $1.5517/45.
GBP/USD retreated from $1.9660 to $1.9610.
USD/JPY firmed from Y104.30 to offers Y104.66.

Eurozone data sees the first details of Q1 GDP data as well as April PPIat 0900GMT. The GDP should be 0.7% q/q, 2.2% y/y with industrial PPI at0.8% m/m, 6.1% y/y.

Japanese stock indices are ending Tuesday's session sharply lower, although just shy of the worst levels. The markets were lower at the luchbreak, but extended falls in the afternoon session, weighed by media reports of further losses at Lehman Bros. The benchmark Nikkei 225 was down 230.97 points, or 1.60%, at 14209.17. The broader-based TOPIX was down 17.66 points at 1407.44.

Resistance 3: Y105.90
Resistance 2: Y105.50
Resistance 1: Y104.70
Current price: Y104.23
Support 1: Y103.90

Support 2: Y103.20

Support 3: Y102.70

Resistance 3: Chf1.0580
Resistance 2: Chf1.0520
Resistance 1: Chf1.0440

Current price: Chf1.0329

Support 1: Chf1.0320
Support 2: Chf1.0260

Support 3: Chf1.0220

Comments: Dollar trades a bit higher session lows on Chf1.0320.Below correction may widen to Chf1.0260 and around May lows on Chf1.0220. The nearest resistance is yesterday's high at Chf1.0440. Friday’s high around Chf1.0520 is a medium resistance with a break above rate will target Chf1.0580, then - Chf1.0640.

- National governments must help ECB tackle inflation.

Resistance 3: $1.9850
Resistance 2: $1.9770Resistance 1: $1.9700
Current price: $1.9619
Support 1: $1.9600
Support 2: $1.9520
Support 3: $1.9440
Comments: Cable drifts lower. The nearest support is yesterdays low at $1.9600. Importnant level is also at $1.9520. Further losses may widen till May 16 low at $1.9440. Growth above recently broken support at $1.9700 will open a way to $1.9770 and than to May high at $1.9850.

- Have to accept external price shocks
- Next G-8 summit to discuss high food/oil price

Resistance 3:$1.5760
Resistance 2: $1.5660
Resistance 1: $1.5590Current price: $1.5555

Support 1: $1.5460
Support 2: $1.5420
Support 3: $1.5365

Comments: Euro trades within yesterday's range. The nearest resistance is at yesterday's high on $1.5590, next band of resistance is around $1.5660 and then – on Wednesday’s high on $1.5760.The nearest support remains at Friday’s low on $1.5460. Below losses may extend to $1.5420.

Lehman Brothers Holdings is set to report its first quarterly loss since going public and is considering raising billions of dollars in fresh capital to help shore up its balance sheet, the WSJ reports, citing sources. The exact amount of the capital hike isn't known, but analysts and Wall Street executives estimate it is likely to be $3 billion to $4 billion, the WSJ says. They said Lehman would probably announce the capital raising in conjunction with its quarterly results, due the week of June 16. The amount of new capital under consideration suggests Lehman's quarterly loss could be larger than the $300 million or so that some analysts have been expecting.

High Low Close
EUR/USD 1.5587, 1.5485, 1.5537
USD/JPY 105.51, 104.00, 104.39
GBP/USD 1.9769, 1.9595, 1.9656
USD/CHF 1.0446, 1.0324, 1.0370

EUR/JPY 164.18, 162.08, 162.24
EUR/GBP 0.7927, 0.7866, 0.7902
GBP/JPY 208.32, 204.64, 205.22
GBP/CHF 2.0598, 2.0299, 2.0386

Change % Change Last
Nikkei +101.60 +0.71% 14,440.14
FTSE -45.90 -0.76% 6,007.60
DAX -88.02 -1.24% 7,008.77
CAC -79.07 -1.58% 4,935.21
Dow -134.50 -1.06% 12,503.82
NASDAQ -31.13 -1.23% 2,491.53
S&P -14.71 -1.05% 1,385.67
10yr Note -0.8300 -0.205% 3.963%
NYMEX Crude Oil +0.90 +0.71% 128.25
Gold +5.40 +0.61% 896.90

07:00 UK Halifax house price index (May) 3m Y/Y -0.9%
07:00 UK Halifax house price index (May) -1.3%
09:00 EU(15) PPI (April) Y/Y 6.1% 5.7%
09:00 EU(15) PPI (April) 0.8% 0.7%
09:00 EU(15) GDP (Q1) preliminary Y/Y 2.2% 2.2%
09:00 EU(15) GDP (Q1) preliminary 0.7% 0.4%
12:55 USA Redbook (31.05)
14:00 USA Factory orders (April) -0.5% 1.3%