The G7 finance ministers accomplished what they were expected to accomplish – nothing (of any note). Why markets continue to think something constructive may come out of one of these meetings is a mystery, when the G7 has done nothing since 1987.
Austria's presidential election is still too close to call, with postal ballots to decide the outcome. The Greek Parliament passed its fiscal reform program over the weekend.
Business sentiment data is due from the Euro area – prone to overreact to underlying economic data, and also biased to be nominal when it is supposed to be real, but reflecting the stronger economics of the domestic economy.
Rosengren of the Fed was signalling his willingness to see rate hikes at the June meeting. We hear from Williams and Bullard today.