Reply To: Traders Market Weekly: APR 3-9 — Yield Inversion & Inflation concerns

#35339
Truman
Participant

Italy’s February Retail Sales +0.7% m/m (prior -0.6%) and +4.3% yr/yr (prior +8.3%)
Spain’s February Industrial Production +3.0% yr/yr (expected +1.7%; prior +2.0%)
This weekend will feature the first round of voting in France’s presidential election and polls denote a narrow gap in terms of Macron’s lead over LePen.
Economists, according to a Bloomberg survey, see the first rate hike from the ECB in December, although some think the first hike could come as early as September.
Still no progress in Russia-Ukraine peace talks with reports this morning highlighting Russia bombing a train station in eastern Ukraine that killed more than 30 people.
Russia’s central bank cut its key lending rate to 17.0% from 20.0%, noting some stabilization in financial stability risks for the time being.