Germany’s March Industrial Production -3.9% m/m (expected -1.0%; last 0.1%)
U.K.’s April Halifax House Price Index 1.1% m/m (expected 0.7%; last 1.5%); 10.8% yr/yr (last 11.0%). April Construction PMI 58.2 (expected 58.0; last 59.1)
France’s Q1 nonfarm payrolls 0.3% qtr/qtr (last 0.4%)
Italy’s March Retail Sales -0.5% m/m (last 0.7%); 5.6% yr/yr (last 4.6%)
Swiss April unemployment rate 2.2%, as expected (last 2.2%)
There was growing speculation that the European Central Bank will raise rates in July.
Hungary’s Prime Minister Orban said that his government can’t support the ban on Russian oil without a five-year exemption because it would undermine his country’s energy security while European Commission President von der Leyen expressed confidence that an agreement will be reached on the sixth round of sanctions on Russia.