Trump heads to Israel

Trump will depart Saudi Arabia and head to Israel and Palestine, where we will spend the next two days.

In financial markets, the main release in Asia-Pacific hours is Japanese trade balance for April. That's due out at 2350 GMT. Exports are forecast to rise 8.0% and imports 14.8%.

The European calendar is light but Swiss sight deposits will offer some insight into currenc intervention.

The US calendar only features the lowly Chicago Fed National Activity Index but speeches from Harker and Kashkari are also on the agenda, although we've heard from both recently.

Canada is on holiday Monday so that could mean some choppy moves in the loonie.

For more, see the economic calendar.