isses estimates (numbers out after Japan close) • China trade data: export growth unexpectedly accelerates in April (+14.7% versus estimate +9.2%) Leading European Sectors: Retail +0.71%, Basic Res +0.68%, Construction +0.57% Lagging European Sectors: Trav/Les -0.18%, Banks -0.16%, Fin Services -0.12% PSE acquisition proposal PXD —