Key Global Events

Negotiations continue in the United States on the debt ceiling. Tonight there was a new meeting between Biden and McCarthy. Understanding not yet reached. Yellen in her letter warns of a "highly likely" default if no agreement is reached by June 1. 
On the European front, hawkish tones for the ECB. It stated that further interest rate hikes will be necessary in Frankfurt at upcoming meetings.
Negative start for European stock markets. Milan's FTSE MIB -0.27%, Paris' CAC -0.40%, Madrid's IBEX +0.40%, London's FTSE +0.16%. Wall Street futures mixed. Dow Jones -0.05%, S&P500 -0.03% and Nasdaq +0.05%.

Forex & Commodities

The EURUSD cross trades at -0.16 % to 1.0788. Cable trades +0.23 at 1.2424. Oil prices trade around parity Tuesday as the U.S. auto season approaches, although uncertainty over a potential U.S. debt default has limited gains. Oil trades around $72 a barrel today. Gold trades at 1959 dollars (-0.88 %).

Index

Asian markets were negative, with a resumption of trade tensions with the U.S. after China banned chip maker Micron Technology from selling some products in the country. In addition, the prospect of a U.S. default has kept Asian markets on high alert, as traders fear the fallout from such an event. Caution prevails in Tokyo, with the Nikkei 225 ending the session down 0.42 % , thus truncating the bullish trail sustained by eight consecutive gains. China's Hang Seng index trades at -1.42 %.

Global Macroeconomic Data 

EUR -  At 10 a.m. the manufacturing PMI index will be published. The figure is expected to rise to 46.2. At 12:15 ECB member Enria will hold a press conference.
UK - At 10:30 a.m. the composite PMI index will be published. The figure is expected at 54.6
US - At 2:30 p.m. building permits will be released, which are expected to fall to 1.416 million. At 4 pm will be released the New Home Sales index expected to fall to 663 K.