Morgan Stanley provides a quick preview for this week's EZ PMI, German IFO, and UK CPI print.

TUESDAY, MAY 23. Euro Area PMI: We expect a decline in euro area composite PMI in May to 53.8 from 54.1," MS expects.

WEDNESDAY, MAY 24. German Ifo Survey: We expect a stable ifo Business Climate in May at 93.6. UK CPI: We see CPI inflation falling from 10.1%Y to 8.2%Y in April, on energy base effects," MS adds.