•Cyprus will hold its parliamentary elections
•Austria will hold the second round of its presidential elections
•The AKP Party of Turkey will hold a meeting to choose the successor to Ahmet Davutoglu as Prime Minister
•The Greek Parliament is expected to vote on additional indirect taxation measures worth approximately 1% of GDP and on a contingency mechanism regarding the country meeting its primary surplus targets

•@ 5:30 a.m.: Federal Open Market Committee (FOMC) Member James Bullard Speaks on Monetary Policy
•@ 8:00 a.m.: San Francisco Fed President John Williams Speaks on Monetary Policy
•Federal Reserve Releases Data on Foreign Exchange Rates
•@ 10:00: Eurostat Releases Monthly Survey of EU Consumer Confidence
•@ 6:30 p.m.: Philadelphia Fed President Patrick Harker Speaks

•The Eurogroup will meet to review the completion of the first Greek bailout review.
•@ 10:00 a.m.: Census Releases Annualized Number of New Single-Family Homes Sold   During the Previous Month
•@ 5:00 p.m.: The House Natural Resources Committee is scheduled to hear opening statements in a Markup of legislation designed to address Puerto Rico’s financial crisis

•@ 10:30 a.m.: Energy Information Administration (EIA) Releases Weekly Data on Crude Oil Inventories
•@ 1:00 p.m.: Dallas Fed President Robert Kaplan Speaks

•Federal Reserve Releases Data on the Aggregate Reserves of Depository Institutions & the Monetary Base
•G7 Leaders’ Summit begins in Tokyo
•@ 4:00 a.m: European Central Bank (ECB) Releases Financial Stability Review
•@ 5:15 a.m.: Federal Open Market Committee (FOMC) Member James Bullard Speaks
•@ 8:30 a.m.: Department of Labor (DOL) Releases Weekly Unemployment Claims
•@ 10:00 a.m.: National Association of Realtors Releases Monthly Pending Home Sales
•@ 12:00 p.m.: Rep. Mick Mulvaney (R-SC) and R Street will host a Capitol Hill Conference on the future of housing reform and Mulvaney’s legislation to recapitalize the GSEs
•@ 12:15 p.m.: Federal Reserve Governor Jerome Powell Speaks on Monetary Policy

•April durable goods orders. Sales of big-ticket, long-lasting items such as dishwashers show consumers’ confidence and willingness to shell out big bucks.

•Federal Reserve Releases Data on the Assets & Liabilities of U.S. Commercial Banks
•@ 8:30 a.m.: Bureau of Economic Analysis Releases Annualized Quarter-on-Quarter GDP Numbers
•@ 10:00 a.m.: University of Michigan Releases Surveys of Consumer Sentiment and Inflation Expectations
•@ 10:30 a.m.: Fed Chair Janet Yellen will be honored at Radcliffe and questioned by Gregory Mankiw, a former Chairman of the President’s Council of Economic Advisors. The event will also feature reflections from former Fed Chair Ben Bernanke

•The ISM manufacturing report for May. Manufacturing has been in recession. In April, this key economic barometer surprised to the upside, reaching its highest level of the year.

•Jobs Friday: The government said only 160,000 jobs were created in April, 40,000 less than forecast. That makes the May jobs report critical, as the Fed will learn if the nation’s job-creation machine is slowing or revving back up. Investors will also get a look at how the sizable services sector of the economy fared in May.

•May retail sales. Many retailers reported weak first-quarter earnings, although Walmart bucked the trend early Thursday, posting better-than-expected earnings and boosting its second-quarter outlet. Retail sales overall, however, surprised to the upside in April, rising 1.3%. Will sales stay strong and relieve fears of consumers slamming their wallets shut?

•The Fed announces its decision on interest rates and Chair Janet Yellen explains why in a press conference following the release of the Fed’s policy statement.