| More trouble from retail? Both Macy’s and Kohl’s are expected to reveal shrinking first-quarter profits on Thursday morning. Shares of each retailer have lost about one-fifth of their value since the start of the year. The mood may a bit more upbeat after the closing bell when earnings are on tap from Nordstrom, the upscale retailer whose stock has outperformed many of its peers.
Bank of England in the hot seat: Britain’s central bank is scheduled to put out its decision on interest rates at 7 a.m. ET on Thursday. Markets aren’t anticipating the BoE will shift gears ahead of next month’s election and amid tough negotiations over the terms of Brexit.
NY Fed prez goes to India: Bill Dudley, one of the leaders of the Federal Reserve, is expected to deliver a speech on Thursday morning in Mumbai about the “benefits and challenges” of globalization. The remarks are set to be streamed on Facebook Live.