Reply To: Traders Market Weekly: Stock and Bond Bear Markets Hover


—Equity Markets—

STOXX Europe 600: +1.1%
Germany’s DAX: +1.4%
U.K.’s FTSE 100: +1.6%
France’s CAC 40: +1.8%
Italy’s FTSE MIB: +1.3%
Spain’s IBEX 35: +0.9%

Major European indices trade in the green. European Central Bank policymaker Panetta said that a digital euro could be issued within 4-5 years. BMW reported better than expected profit for the quarter. BMW and Mercedes sold their car sharing business to Stellantis. The Bank of England increased its base rate by 25 bps to 1.00%, though three policymakers voted for a 50-bps hike.

Germany’s March Factory Orders -4.7% m/m (expected -1.1%; last -0.8%). April IHS Markit Construction PMI 46.0 (last 50.9)
U.K.’s April Services PMI 58.9 (expected 58.3; last 58.3)
France’s March Industrial Production -0.5% m/m (expected 0.2%; last -1.2%)
Swiss April CPI 0.4% m/m (expected 0.3%; last 0.6%); 2.5% yr/yr, as expected (last 2.4%)

  • This reply was modified 4 months, 3 weeks ago by Truman.