Also on the market's radar is a speech from Federal Reserve Chair Jerome Powell, where the focus will be on any hints he may give regarding the outlook for U.S. monetary policy.
So far, the hard data has given Fed policymakers little to go on as they try to assess how Trump's sweeping tariffs and ongoing trade negotiations will affect prices and the economy. And it is likely Powell will reiterate his patient approach on rates.
Ahead of the U.S. releases, preliminary first-quarter growth figures for the UK and euro zone are also due, though investors are likely to look past those numbers given they pre-date Trump's "Liberation Day" tariffs.
In currency markets, the dollar remained volatile against the Korean won, sliding for a second straight day on news that South Korea's deputy finance minister discussed forex with a U.S. Treasury official earlier this month.
The moves in the won were reminiscent of an unprecedented surge in the Taiwan dollar just a few days ago, again stoking speculation that a weaker dollar could be part of Trump's trade deal with other countries.
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