Reply To: Traders Market Weekly: Rates, Banks and Herd Mentality


Major European indices trade in positive territory.
STOXX Europe 600: UNCH,
Germany’s DAX: +0.4%,
U.K.’s FTSE 100: -0.3%,
France’s CAC 40: +0.2%,
Italy’s FTSE MIB: +0.1%,
Spain’s IBEX 35: +0.5%.

March Business and Consumer Survey 96.3, as expected (last 95.5)
European Central Bank policymaker Kazaks said that he is not objecting to the market’s forecast for a rate cut in June.

March Consumer Confidence 91 (expected 90; last 90)

March CPI 0.8% m/m (expected 0.6%; last 0.4%); 3.2% yr/yr (expected 3.1%; last 2.8%). February Retail Sales 1.9% yr/yr (last 0.5%). January Current Account surplus EUR5.13 bln (last surplus of EUR1.54 bln)

March ZEW Expectations 11.5 (last 10.2)

Swedish retailer H&M reported better than expected results for Q1 and reaffirmed its margin growth guidance for the year.
Sweden’s Riksbank signaled that a rate cut is possible in May or June if inflation continues decelerating.