Global politics are in the spotlight this week, with a presidential election in Mexico, elections for the European parliament to be held on June 6-9, and India's six-week long national election in its final phase. In the US, all eyes will be on Friday's jobs report in the lead up to next week’s Federal Reserve meeting, while the latest ISM indices will also be in focus. In Europe, the key event will be the European Central Bank's monetary policy decision on Thursday, where we might see the first rate cut of this cycle. Across the Tasman, the highlight will be gross domestic product (GDP) for the March 2024 quarter, while it is a holiday-shortened week here in New Zealand.