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

#73449
Truman
Participant

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

Eurozone
February M3 Money Supply 0.4% yr/yr (expected 0.3%; last 0.1%)
European Central Bank policymaker Panetta said that the conditions for loosening of policy are getting closer while

Germany
February Retail Sales -1.9% m/m (expected 0.4%; last -0.4%); -2.7% yr/yr (expected -0.8%; last -1.4%).
March Unemployment Change 4,000 (expected 10,000; last 11,000)
Unemployment Rate 5.9%, as expected (last 5.9%)

U.K
Q4 GDP -0.3% qtr/qtr, as expected (last -0.1%); -0.2% yr/yr, as expected (last 0.3%).
Q4 Business Investment 1.4% qtr/qtr (expected 1.5%; last -2.8%); 2.8% yr/yr (expected 3.7%; last 1.9%).
Q4 Current Account deficit GBP21.20 bln (expected deficit of GBP21.30 bln; last deficit of GBP18.50 bln)
Bank of England policymaker Haskel cautioned against premature cuts due to high wage growth.

Italy
Business Confidence 88.6 (expected 87.6; last 87.5) and Consumer Confidence 96.5 (expected 97.5; last 97.0)

Swiss
March KOF Leading Indicators 101.5 (expected 102.1; last 102.0)

Markets in the region will be closed for Good Friday and will remain closed for Easter Monday.