*Retail Sales in the UK for April, announced today, increased 0.5% month on month, decreased 3.0% year on year. The data was expected to come in at 0.3% and -2.8%, respectively. Core Retail Sales, on the other hand, increased 0.8% month on month and decreased 2.6% year-on-year.

*In the US, the Core PCE Price Index for April, which we follow today, exceeded the expectations, increasing by 0.4% month on month and 4.7% year on year. Data was expected to increase 0.3% monthly and 4.6% yearly. The Dollar Index gained value after the increase in the Core PCE Price Index, which was closely followed by the FED during the interest rate hike process. At the same time, Durable Goods Orders, another important data announced in the USA, increased by 1.1% and Core Durable Goods Orders decreased by 0.2%.

* In his speech today, US President Biden said that progress has been made in debt limit negotiations, teams are continuing to negotiate, that the US has no option to not pay its debt and that congressional leaders agree that there will be no default.

Agenda of the day;
17:00 USA Michigan Consumer Prospects
20:00 Number of US Oil Drilling Rigs