European Central Bank speakers on Friday include Schnabel and de Cos

03:00 Keynote speech by ECB board member Isabel Schnabel at Second Bonn-Frankfurt-Mannheim PhD Conference

Schnabel indicated a June rate hike this week, but is uncertain on the cycle after that:

• ECB's Schnabel says June rate cut may be appropriate, path after is much more uncertain

From late last week:

• ECB's Schnabel says June rate cut may be appropriate, path after is much more uncertain

08:00 Spain's Central Bank chief Pablo Hernandez de Cos speaks at the Cercle d'Economia conference

Also supportive of a June cut:

• ECB's de Cos: Every indicator points towards a first rate cut in June