The speech listed from Federal Reserve Bank of New York President John Williams is a commencement address before the Hofstra University Graduate Commencement, in Hempstead, N.Y.

• 2120 GMT / 1720 US Eastern time

So far there hasn’t been anything crossing news wires on this. It seems an unlikely venue for a policy-related speech, so its not surprising.

Of note on the calendar otherwise is data from China. Consensus estimates are for

• retail sales to dip from March
• fixed-asset investment to remain steady
• industrial production also to dip (April purchasing managers’ index (PMI) data, along with trade data, point to a lower result for industrial output)

• This snapshot from the ForexLive economic data calendar, access it here.
• The times in the left-most column are GMT.
• The numbers in the right-most column are the ‘prior’ (previous month/quarter as the case may be) result. The number in the column next to that, where there is a number, is the consensus median expected.

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