Quick Overview

• U.S. jobless claims were up 5,000 last week to 322,000, more than expected.
  

• The U.S. Labor Department said that nonfarm business productivity increased at an annual rate of 3.2%
  
  

• Norway unemployment rate April, out at 2.8%
  

• UK money supply March F, (YoY) out at 12.3% vs. 12.4% expected.
  

• UK PMI services April, out at 59.7 vs. 57.6 expected.
  

• UK official reserves for April, out at $936M vs. $239M expected.
  

• EU Euro-Zone MoM retail sales for March out at -0.8% vs. 0.1% expected.
  

• EU ECB leaves rate at 2.50% as expected.
  
  
  

• The DoE said that underground supplies of natural gas were up 53 billion cubic feet last week to 1.904 trillion cubic feet.