Quick Overview

• The U.S. Institute of Supply Management's index of services rose from 40.8 to 43.7 in April,
  

• (Reuters) - Top chief executives still expect the U.S. economy to remain mired in recession through 2009 but their confidence in the likelihood of a recovery next year is on the rebound thanks to growing optimism about their own businesses.
  

• (Reuters) - U.S. regulators are working with the top 19 banks on Tuesday to put the final touches on the results of regulatory stress tests, which are expected to reveal about half the banks need more capital but face manageable losses.
  

• Australia kept its interest rate unchanged at 3.0%.
  

• YoY Producer prices in the Euro area fell 3.1% in March
  

• The USDA said that:
  33% of the corn was planted, down from the five-year average of 50%. 6% of the soybean crop was planted, down from the five-year average of 11%.
  23% of the spring wheat was planted, down from the five-year average of 59%.
  24% of the cotton was planted, down from the five-year average of 28%.