It's all about US data today with the big one being the CPI report. But at the same time, we'll also get retail sales and the NY Fed manufacturing index as well. As we continue the countdown to that, don't expect too much from European morning trade. At most, we might just get some positioning plays before the main event.

Otherwise, we will continue the waiting game with little on the agenda in Europe as well. These will just mostly serve as a couple of light distractions in the hours ahead.

0645 GMT - France April final CPI figures
0900 GMT - Eurozone Q1 GDP second estimate
0900 GMT - Eurozone March industrial production
1100 GMT - US MBA mortgage applications w.e. 10 May

That's all for the session ahead. I wish you all the best of days to come and good luck with your trading! Stay safe out there.