Events to Watch Today that Could Impact Markets

Nomura's Global Markets strategist Muhammad Kirdar highlighted the following items to watch today:

• Frankfurt Finance Summit features European Commissioner Barnier and Banco de España President Linde.
• Russian President Putin begins a two-day trip to China to meet with President Xi to discuss a deal to supply natural gas to China.
• German Foreign Minister Steinmeier and Ukrainian Foreign Minister Deshchytsia meet in Berlin (7:30 EDT).
• FOMC: Philly Fed President Plosser will discuss the economic outlook at the Public Policy Luncheon hosted by Women in Housing & Finance Inc in Washington (12:30
• EDT). Separately, New York Fed President Dudley gives a speech titled "The National Economy and Framework Choices for Future Monetary Policy Implementation" at an event hosted by the New York Association for Business Economics (13:00 EDT).
• ECB Governing Council member Liikanen hosts a debate on Thomas Piketty's book “Capital in the 21st Century” in the Bank of Finland Museum in Helsinki (10:30 EDT).
• US weekly chain store sales: Warmer temperatures and aggressive promotions have helped trigger sales of seasonal goods. We also expect the Memorial Day holiday to boost sales.

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