A Bank Holiday here in the UK, but with China trading for the first time post their May Day celebration the activity overnight has been positive, the CSI 300 +1.34% and China’s President Xi Jinping arriving in France to begin talks aimed at stabilizing the nation’s relationship with Europe, as he tries to perform damage limitation on trade ties. In the currency world the Yen has been the focus, weakening again and opens at 153.80. So what will be the focus for the week ahead?On the Central Bank front we hear from the RBA and the BoE. The RBA is on Tuesday and although is not expected to make any change, market participants will be watching for any comments from Governor Michelle Bullock as she watered down a tightening bias at its last meeting in March. On Thursday it is the Bank of England, again no change expected but people will be looking for any fresh signs that it intends to cut rates in the coming months. BOE officials have talked openly earlier this year about the possibility of rate cut, when will it happen? Earnings wise we are coming to the end of the First quarter earnings season, we hear from Walt Disney & Wynn Resorts. However the focus will be on speeches today we hear from New York Fed President John Williams and Richmond Fed President Thomas Barkin. Tomorrow Minneapolis Fed President Neel Kashkari and Friday the Chicago Fed President, Austan Goolsbee.
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