The second revision to Q1 GDP in the Euro area, retail sales and CPI data in Canada, and final April CPI reports are due in Europe while China activity indicators are also expected.

Other data worth flagging in Europe next week is the second reading of Q1 GDP in Germany on Tuesday, UK labour market stats for March and April on Tuesday where the big focus will be on wages data following some soft readings of late, March industrial production for the Euro area on Tuesday and Germany's ZEW survey for May on Tuesday.

Datawise the only releases of note are Japan PPI for April and the Bank of France industry sentiment print for April.

In Europe, the preliminary Q1 GDP report in Germany is due, along with the Q1 GDP report for the Euro area.

08:30 AM Atlanta Fed President Bostic (FOMC voter) speaks: Atlanta Fed President Raphael Bostic will speak on current economic conditions at an event in August, Georgia.

Categories: ZH