Stocks edging higher, defying bad data… S&P500 1406 is key today.

FX: Carry trade formation looks strong on Monday with both NZD and AUD ending two days of losses against yen.
EQ: Moderate gains in the U.S. session on Friday give rise to moderate gains on the Asian session on Monday.
FI: Treasuries and bunds open higher on Monday, while the slide in JGBs from Friday continues.
FUT: Crude high marks another record high at $119.93 a barrel.

FX: Carry trade formation looks strong on Monday with both NZD and AUD ending two days of losses against yen.
EQ: Moderate gains in the U.S. session on Friday give rise to moderate gains on the Asian session on Monday.
FI: Treasuries and bunds open higher on Monday, while the slide in JGBs from Friday continues.
FUT: Crude high marks another record high at $119.93 a barrel.

Overnight

GE Import Price Index MoM/YoY (Mar) out at 0.4%/5.7% vs. 0.6%/5.9% expected vs. 1.1%/5.9% prior.
SW Trade Balance (Mar) out at 12.5B vs. 17.1B prior.
SW Household Lending YoY (Mar) out at 10.9% vs. 11.0% prior.
EC Euro-Zone M3 s.a. YoY (Mar) out at 10.3% vs. 10.6% expected vs. 11.3% prior.
EC Euro-Zone M3 s.a. 3 mth ave. (Mar) out at 11.1% vs. 11.0% expected vs. 11.5% prior.
UK GDP QoQ/YoY (1Q) out at 0.4%/2.5% vs. 0.4%/2.6% expected vs. 0.6%/2.8% prior.
UK Index of Services (Feb) out at 0.3% vs. 0.4% expected vs. 0.5% prior.
US U. of Michigan Confidence (Apr) out at 62.6 vs. 63.3 expected vs. 63.2 prior.
JN Large Retailer’s Sales (Mar) out at 0.2% vs. -0.2% expected vs 1.2% prior
JN Retail Trade MoM/YoY (Mar) out at 0.5%/1.1% vs. 0.7%/1.0% expected vs -0.9%/3.2% prior.