Market movers ahead

Indicators have pointed in different directions ahead of the US jobs report for April, so there will be interest in how it turns out. 


Retail sales are expected to reveal strong euro area spending growth in Q1. 

Labour are weak favourites to form a government after the UK election. 


Chinese trade data are expected by us to show a rebound in export growth and allay fears of an export crisis. 


The Norwegian economy has weakened, but not far enough in our view for Norges Bank to cut rates at its meeting during the week.