While it is a quiet week ahead, with both the UK and US out for a long weekend on Monday, there are some data points to watch out for of interest. Most notably in Germany where there’s the Ifo business sentiment on Tuesday, consumer confidence and CPI data on Wednesday and retail sales in the German economy on Thursday. For this there’s a technical set up for a short position on the Dax. In the US on Friday there’s personal income and spending alongside PCE data for April. On the corporate agenda it is relatively quiet with two all-session US stocks to watch on earnings with HP reporting fiscal second quarter earnings on Tuesday and Best Buy on Q1 before the bell on Wednesday.  

Any opinion, news, research, analysis, or other information does not constitute investment or trading advice. 

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