
*German Chancellor Merkel and European Commission Barroso are meeting in Berlin. They are supposed to make a joint statement concerning their meeting at noon CDT. A spokesman for Germany notes that they are still opposed to the idea of euro bonds and the joint statement is not about euro bonds.
*The April reading of Factory Orders is due out at 9:00am CDT; it is expected to be +0.2% on the month.
*The Fed is scheduled to buy Treasuries today that are due to mature between 6/30/18 and 5/15/20; the results of the operation will be announced just after 10:00am CDT.
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