Economic calendar: Countries discuss easing coronavirus restrictions

• Italy plans to ease lockdown, Spain and UK mull decision

• US GDP report to be released later in the week

While an empty macro calendar is often the case for Mondays, there is just one reading scheduled for release today - Dallas Fed manufacturing index for April (3:30 pm BST). However, it should not have much of an impact on the markets. More interesting data will be released in the later part of the week, including the US Q1 GDP report (Wednesday, 1:30 pm BST). Investors will likely focus on lockdown-easing news after Italy announced it will start reopening the economy from early-May. Similar decisions are expected from Spain and the United Kingdom this week. Spain will likely decide during a cabinet meeting tomorrow. Keep in mind that this week will be a bit shorter on some markets as Labour Day holiday will be held on Friday in many countries.

Noteworthy earnings scheduled for release today

• Cincinnati Financial Corp (CINF.US) - after market close

• NXP Semiconductors (NFPI.US) - after market close