China is also scheduled to announce May readings for its manufacturing and nonmanufacturing purchasing managers indexes on May 31, which could shape investors' views on the pace of the country's economic recovery following strong first-quarter GDP figures. Markets will watch whether export strength in machinery and technology products will continue to offset weak domestic demand.

China is also scheduled to announce May readings for its manufacturing and nonmanufacturing purchasing managers indexes on May 31, which could shape investors' views on the pace…

FOMC minutes echo through PCE Thursday, ECB Account, RBNZ, BoK, SARB hike. Brazil Q1 GDP and IPCA-15 set Copom's June path. Eurozone CPI cascade Friday.