• A significant rebound in US housing starts is expected at 1055K (+13.9% m/m) in April after subdued sales in February and March (which analysts believe were partly caused by unfavourable weather). 
  
  
• US building permits likely continued the gradual upward trend in April and a further 3.1% m/m increase is expected, according to Danske Bank. 
  
  
• The German ZEW index to decline further in May in line with the Sentix index.