KEY EVENTS THIS WEEK INCLUDE G7 FINANCE MINISTERS AND CENTRAL BANK HEADS MEETING STARTING MONDAY, MAY 18; CHINESE INDUSTRIAL PRODUCTION DATA DUE THE SAME DAY. ON TUESDAY, MAY 19, PRESIDENT PUTIN TO VISIT CHINA, WHILE JAPAN'S GDP DATA AND AUSTRALIA'S CENTRAL BANK MINUTES ARE EXPECTED. MIDWEEK FOCUS ON INFLATION DATA FROM GERMANY, THE UK, AND THE EUROZONE. THE WEEK ENDS WITH SCHEDULED SIGNING OF STRATEGIC PARTNERSHIP AGREEMENT BETWEEN MEXICO AND THE EU ON FRIDAY, MAY 22.

Cuba affirms readiness to defend itself in the event of an attack, according to the Ministry of Foreign Affairs. The country has acquired more than 300 drones and launched discussions about potential attacks targeting the U.S. base in Guantanamo, American ships, and Key West, Florida, approximately 90 miles from Havana, Axios reports.

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