Economic calendar: German IFO and CB Consumer Confidence

• European markets seen opening slightly higher
• Ifo Business Climate 
• US CB Consumer Confidence

Stocks in US and Asia moved higher and most European indices are seen opening either flat or slightly higher. There are few interesting readings scheduled for release today. German IFO index for May is expected to show improvement while the US CB Consumer Confidence index is likely to decrease. 

9:00 am BST - Germany, IFO index for May. Expected: 98.2. Previous: 96.8

3:00 pm BST - US, CB Consumer Confidence for May. Expected: 119. Previous: 121.7

3:00 pm BST - US, New Home Sales. Expected: 950k. Previous: 1021k

3:00 pm BST - US, Richmond Manufacturing Index. Expected: 19. Previous: 17

9:30 pm BST - API Crude Oil Stock Change. Previous: 0.62M

Central bankers' speeches:

12:40 pm BST - FOMC Member Evans 

3:00 pm BST - ECB Lane

5:00 pm BST - BoE Tenreyro

US earnings:

Autozone Inc (AZO.US) - before market open

Agilent Technologies Inc (A.US) - after market close

Toll Brothers Inc (TOL.US) - after market close

Urban Outfitters (URBN.US) - after market close