ECB's Visco says financial markets watching Italy closely, Reuters says A strong campaign by former Prime Minister Silvio Berlusconi in Italy's national elections has opened up the race and threatens confidence in the Italian government after the vote, says Reuters, adding that the European Central Bank governing council member Ignazio Visco said international investors are watching Italy's "capacity to preserve balance in public finances and to pursue with determination, an increase in our development potential." 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.