What are the main events for today?

EUROPEAN SESSION In the European session, the only highlight is the Swiss CPI report. Headline CPI Y/Y is expected to rise to 0.6% vs 0.3% in the prior month due to higher energy prices. The data isn't going to change anything for the SNB though as the central bank has all the reasons to look through the energy supply shock. AMERICAN SESSION In the American session, we get the US ISM Services PMI and the US Job Openings data. The ISM Services PMI is expected at 53.7 vs. 54.0 prior. The S&P Global PMIs showed a slight recovery in US business activity growth in April, however, the overall pace of expansion remained subdued, most notably in the services economy where demand faltered. The worst part is that input cost inflation accelerated and supply delays worsened at a pace not seen since mid-2022, contributing to the largest monthly jump in average selling prices for goods and services since July 2022. The US Job Openings are seen at 6.850M vs 6.882M prior. The more timely US jobs data like jobless claims and weekly ADP figures have been pointing to a resilient labour market, so today's data is unlikely to change that view. CENTRAL BANK SPEAKERS 08:00 GMT/04:00 ET - ECB's Panetta (neutral - voter) 14:00 GMT/10:00 ET - Fed's Bowman (dovish - voter) 15:40 GMT/11:40 ET - ECB's Lane (neutral - voter) 16:30 GMT/12:30 ET - Fed's Barr (neutral - voter) This article was written by Giuseppe Dellamotta at investinglive.com.