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On the U.S. economic front, the Consumer Price Index $(CPI.UK)$ is forecast to have edged up 0.3% in April after falling 0.1% the month before. Annually, inflation will likely remain unchanged at 2.4% in April. Meanwhile, core CPI is estimated to have inched up 0.3% last month, compared to a 0.1% increase in March. On a yearly basis, core CPI is expected to remain at 2.8% in April, the same as the month before.

Federal Reserve Bank of New York issues first-quarter Household Debt and Credit Report, an updated snapshot of trends in household borrowing and indebtedness, including data about mortgages, student loans, credit cards, and auto loans. (1100/1500)

Sportswear maker Under Armour is expected to post a decline in fourth-quarter revenue, hurt by weaker demand for its products. Investors will look for comments on demand, the impact of rising competition, cost-saving measures and annual forecasts.

JD.com is expected to report a rise in first-quarter revenue as the Chinese e-commerce company sees steady domestic demand. Investors will be watching for the company's outlook and its commentary on the impact to its business from U.S.-China trade tensions.

Sportswear maker On Holding is expected to report a rise in first-quarter revenue, aided by strong demand for its shoes and sportswear. Investors will look out for comments on annual forecasts, tariff impacts and new products.

LIVECHAT-REUTERS GLOBAL MARKETS FORUM

FED FOCUS: Danielle DiMartino Booth, CEO & chief strategist for QI Research and former Dallas Fed advisor, dissects the U.S. Federal Reserve's disconnect, cutting through the policy spin and unpacking how Fed blind spots distort the real economy — from labor mismatches to credit fragility and failed macro models. (1030/1430) To join the conversation, click here

(Compiled by Kumar Satyam; Edited by Vijay Kishore)

((Kumar.Satyam@thomsonreuters.com;))