Siemens reported better than expected quarterly results and raised its outlook for the year while SAP announced a new buyback.
European Central Bank policymaker de Cos said that the central bank is nearing the end of its tightening cycle while British Chancellor Hunt said that the U.K. is on the right path to lower inflation and rates.
Eurozone’s April CPI 0.6% m/m (expected 0.7%; last 0.9%); 7.0% yr/yr, as expected (last 6.9%). April Core CPI 1.0% m/m, as expected (last 1.3%); 5.6% yr/yr, as expected (last 5.7%)
France’s Q1 Unemployment Rate 7.1%, as expected (last 7.1%)
Italy’s March trade surplus EUR7.54 bln (expected surplus of EUR2.50 bln; last surplus of EUR2.10 bln)