Revised GDP data showed the country's economy shrank slightly in the final three months of last year, meaning the largest economy in the eurozone is now officially in recession. First quarter GDP declined by 5.8% in France, and by 4.7% in Italy. Remember: China's economy shrank 6.8% in the first quarter compared to a year earlier. While the International Monetary Fund still expects China's GDP to grow 1.2% this year, analysts warn that the country's recovery will be drawn out. Up nextUS retail sales data for April be published at 8:30 a.m.

Source: CNN May 15, 2020 11:15 UTC