· Tech - the JPMorgan Tech conf runs Mon-Wed in Boston
· For retail, there will be a bunch of important earnings releases (inc. TGT, WMT, and others).
· Away from earnings, The Electrical Products Group (EPG) Conference runs next Mon-Wed (5/17-19) and is the venue for mid-quarter updates from most of the major industrials.
· Out of Washington, Sen Reid apparently wants to end debate on the Dodd bill as early as this Mon, although the GOP has said it wants more time; there are a few more important amendments that need votes.
· There will be hearings on the Gulf of Mexico oil spill on Wed and on the May 6 market plunge on Thurs.
· In Europe, Greece has a bond payment due May 19 and Portugal has one on May 20.
· Spain bond auction – will sell up to EU7.5B of bills on May 18; will sell up to EU3.5B in 4% ’20 bonds on May 20. Bloomberg
· Greece – there are planned strikes in Greece
· ECB said it will absorb 16.5 billion euros from the money markets to sterilize bond purchases settled up to May 14. The ECB said it will launch a quick tender on May 18 to collect one-week term deposits. The variable-rate tender will have a maximum bid rate of 1 percent. Bloomberg
· The ECB should on Tuesday give the first official indications of how much it has purchased under its newly launched Securities Markets Program (SMP), which is understood to be primarily focused on government debt, but can also take in private debt securities such as covered bonds (FT)
· Europe to rollout new 5-year telecoms plan on Wed – NYT
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