Global stocks continue to struggle to find direction and are unable to build on Friday's rebound amid concerns about banking system, high inflation and tight monetary policy's effect on growth
US payroll data showed strong hiring, worker pay gains; Recession fears eased, however, suggesting also that the Fed could keep interest rates high for longer
In the Asian markets: Japan's services purchasing managers' index at 55.4, while China's trade surplus is expected to narrow (data to be released Tuesday). Meanwhile in Australia, Australia Business Confidence improves increasing from -1 to 0 in the past month.
German industrial production fell sharply and came in well below expectations (-3.4% m/m vs. -1.3$ expected)
Investors await the release of US core consumer price index (releases on May 10). It is expected to show 5.5% increase.
Oil prices rise slightly amid complex global demand outlook; Gold fell temporarily to $2,000 on Friday after strong labor data and ahead of more inflation data but has been rebounding
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