May data on the euro area's Consumer Price Index are due at 11:00 (GMT+2). This is the main indicator of the inflation rate in the region, which reflects the change in the level of retail prices for a certain "basket" of goods and services: food, transport, utilities, healthcare, and so on. It has a significant impact on monetary policy decisions. It is expected to remain at 8.1% year-on-year, and to grow from 0.6% to 0.8% on a monthly basis.
