Draghi says risks for Europe economy remain to 'downside,' WSJ says At the news conference following the monthly meeting of the ECB's Governing Council, European Central Bank President Mario Dragh said the that the euro economy wasn't out of the woods yet despite "considerable" progress in repairing a broken banking system and that "the risks surrounding the outlook for the euro area remain on the downside," says the Wall Street Journal. Reference Link
BofA/Merrill to hold a conference 2015 Payments & Card Conference is being held in Scottsdale, AZ on May 18-20.
Futures slightly lower ahead of opening of new week U.S. equity futures are below fair value following a weekend of quiet news flow. The first quarter earnings season is winding down and investors are beginning to look forward to the long Memorial Day weekend. Today’s focus will be on the housing data due out at 10:00am EDT with the release of the NAHB housing market index. Many have expressed concern that the housing rebound will remain muted for the foreseeable future as the Fed gears up to begin raising interest rates.