Economic calendar: Focus on Michigan data

• European markets set for higher opening
• Eurozone industrial production
• Michigan Consumer Sentiment Index at 3:00 pm BST

Futures markets point to a higher opening for the majority of the European blue chips indices. Economic calendar for the European session is light. Traders will be offered Eurozone industrial production figures for March, however this report is not expected to result in a volatility jump on the markets. Things may get more interesting in the afternoon when preliminary UoM data for May will be released. Today's reading is expected to show deterioration of consumer sentiment, however investors will focus mainly on inflation expectations figures.

10:00 am BST - Euro area, industrial production for March. Expected: -1.0% YoY. Previous: 2.0% YoY

3:00 pm BST - US, University of Michigan consumer sentiment for May. Expected: 64.0. Previous: 65.2

Central bankers' speeches

• 4:00 pm BST - Fed Kashkari
• 5:00 pm BST - ECB Schnabel

Wall Street earnings releases

LifeMD (LFMD.US) - before market open