Reply To: Traders Market Weekly: Market Corrections, When the Rubber Meets the Road


Eurozone’s February Construction Output 1.86% m/m (last 3.87%)
Germany’s April ifo Business Climate Index 91.8 (expected 89.1; last 90.8). April Current Assessment 97.2 (expected 95.8; last 97.1) and Business Expectations 86.7 (expected 83.5; last 84.9)
U.K.’s April CBI Industrial Trends Orders 14 (expected 21; last 26)
Spain’s March PPI 46.6% yr/yr (last 41.2%)
The EU’s next set of sanctions on Russia may be presented today.
French President Macron won a second term.
European Central Bank President Lagarde indicated that there is a high probability that asset purchases will end in early Q3.
The German government is expected to announce that this year’s borrowing plan was increased by EUR40 bln to EUR140 bln. Separately, this year’s CPI forecast was raised to 6.1% from 3.3%.
Standard & Poor’s affirmed Italy’s BBB rating with a Positive outlook while Greece’s rating was raised to BB+ from BB.