- The United Kingdom was closed for a bank holiday on Monday and could see some catching up across several asset classes with London reopening on Tuesday.
- At 12:55 GMT, the Redbook Index for the week ending on May 3 will be released. The previous number was 5.5%.
- At 14:00 GMT, the TechnoMetrica Institute of Policy and Politics will release its Economic Optimism Survey for May. An uptick to 44.1 is expected from the previous reading of 43.2.
- Federal Reserve Bank of Minneapolis President Neel Kashkari will speak at around 15:30 GMT in a conversation at the Milken Institute 2024 Global Conference in Beverly Hills, California. Although Kashkari is a non-voter member this year, his comments have been market movers for the past few months.
- The US Department of the Treasury is set to auction 3-year Notes at 17:00 GMT.
- Finally, at 19:00 GMT, the Consumer Credit Change for March is set to be released. A further increase is expected to $15 billion from the $14.12 billion in the previous month.
- Japan is also back to open for business after a bank holiday. Overall, the positive close from the US equities overnight has spilt over into the Asian-Pacific session and is even rippling through into the European trading session, with green numbers across the board in all major indices.
- The CME Fedwatch Tool suggests a 91.3% probability that June will still see no change to the Federal Reserve's fed fund rate. Odds of a rate cut in July are also out of the cards, while for September the tool shows a 49.7% chance that rates will be 25 basis points lower than current levels.
- The benchmark 10-year US Treasury Note trades around 4.47%, in the middle of Monday’s range.
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