Several Market Moving Speakers Will be Speaking Tomorrow

There are a bunch of speakers Thurs morning that will be in focus (Fed's Yellen 7:30amET; ECB's Trichet 8:30amET during the press conf; Fed's Dudley 10amET – w/Yellen + Dudley expected to echo Bernanke and Trichet

expected to reaffirm his hawkish rhetoric, the comments may wind up reinforcing the weak dollar trade).

Thurs May 5: earnings before the open (Adidas, ARG, ATK, Capgemini, Carphone Warehouse, CBOE, CI, CTL, CVC, CVS, Diageo, DTV, EL, FIG, FTR, G, GM, IT, ITG, Lloyds Banking Group, OWW, PMI, RDN, SLE, Smith & Nephew, SNI, SocGen, TDC, TKLC, Vale); earnings after the close (AIG, CBB, CFN, DLB, KFT, LYV, MCHP, NVTL, PCLN, PWER, QLGC, RBCN, TLEO, V); sales (retailers report their Apr sales)

Thursday, May 5th: US (Nonfarm Productivity, Unit Labor Costs, Initial Jobless Claims/Continuing Claims, ISCS Chain Store Sales); EuroZone (German Factory Orders, GBP PMI Services, BoE Asset Purchases Target, BoE Rate Decision); Other (CNY HSBC Services PMI)