Important events this week:

Monday, May 12:

The U.S. Securities and Exchange Commission will hold its fourth cryptocurrency roundtable.

U.S.-China trade talks in Switzerland are nearing conclusion.

Tuesday, May 13:

U.S. - Consumer Price Index (CPI) (April) - 15:30

Thursday, May 15:

EU - Q1 2025 GDP - 12:00

U.S. - Initial Jobless Claims - 15:30

U.S. - Philadelphia Fed Manufacturing Index (May) - 15:30

U.S. - PPI Inflation (April) - 15:30

U.S. - Powell Speech - 15:40

U.S. - Federal Reserve Balance Sheet - 23:30