Euro STOXX 50 futures were flat at 4,309, FTSE futures were down 3 points at 7,776.5, and German DAX futures were down 5 points at 15,960 at 0430 GMT.
Asian shares were mostly flat despite weaker-than-expected Chinese economic data as investors hoped the world’s second-largest economy would support its monetary policy.
Oil prices rose for a second day in a row as a US plan to buy oil for its strategic petroleum reserve and devastating fires in Canada fueled supply concerns.
UK unemployment rate for March
– Italy’s CPI for April
– GDP in the euro zone for the first quarter, preliminary data
– ZEW Index of Investor Confidence in Germany and the Euro Zone for May
– US Retail Sales for April
Iberdrola looks to sell up to 50% of its renewals in the US (expansion); The US Supreme Court has postponed until mid-September the decision on the purchase of PNM resources by Avangrid, a subsidiary of Iberdrola (El Confidential).
Colonial’s profit up 5% in first quarter driven by inflation (Reuters)
Naturgy and Galp compete with funding for 1,500 renewable MW (Cinco Días)
Rovi seeks a partner in the US to sell its latest innovation (El Economista)
Unicaja tightens testing for Menendez and accelerates succession to comply with ECB (L CONFIDENTIAL)
At least seven of Barclays’ top technology, media and telecoms investment bankers have resigned to join UBS in the US (Reuters)
Influential shareholder advisors ISS and Glass Lewis give conflicting recommendations to Total Energy investors on possible sharp emissions cuts (Reuters)
economy and politics
US central bankers indicated on Monday that they expect interest rates to remain high, if anything, to brace for inflation that could take time to recover and an economy showing only timid signs of weakness. Reuters).
Growth in industrial production and retail sales in China came in below forecasts in April, suggesting the economy’s pace at the start of the second quarter continued to slide and increasing pressure on policy makers to weather the effects of COVID-19 (Reuters) What followed was a faltering recovery.
US President Joe Biden and Republican House Speaker Kevin McCarthy prepared for crucial debt limit talks on Monday, two weeks before the country could run out of money to pay your bills (Reuters)
Treasury auctions 3 and 9 month bills