Reply To: Traders Market Weekly: A Magical Green First Quarter for Stocks

#73562
Truman
Participant

Major European indices trade near their flat lines.

–Equity Markets—

STOXX Europe 600: UNCH
Germany’s DAX: -0.3%
U.K.’s FTSE 100: +0.2%
France’s CAC 40: -0.2%
Italy’s FTSE MIB: UNCH
Spain’s IBEX 35: -0.3%

Final Manufacturing PMI readings from Germany, France, Spain, Italy, and the U.K. beat expectations, though readings from Germany and France pointed to an ongoing contraction while Italy and the U.K. rejoined Spain in expansionary territory.

Eurozone’s March Manufacturing PMI 46.1 (expected 45.7; last 46.5)
Germany’s March Manufacturing PMI 41.9 (expected 41.6; last 42.5)
U.K.’s March Manufacturing PMI 50.3 (expected 49.9; last 47.5).
France’s March Manufacturing PMI 46.2 (expected 45.8; last 47.1)
Italy’s March Manufacturing PMI 50.4 (expected 48.7; last 48.9)
Spain’s March Manufacturing PMI 51.4 (expected 51.1; last 51.5)
Swiss March procure.ch PMI 45.2 (expected 45.0; last 44.0)

U.K.
March Manufacturing PMI 50.3 (expected 49.9; last 47.5).
March Nationwide HPI -0.2% m/m (expected 0.4%; last 0.7%); 1.6% yr/yr (expected 2.4%; last 1.2%).
February BoE Consumer Credit GBP1.378 bln (expected GBP1.600 bln; last GBP1.770 bln)
February Mortgage Lending GBP1.51 bln (expected -GBP150 mln; last -GBP1.07 bln)

Spain
March Unemployment Change -33,400 (expected 10,000; last -7,500)
March Manufacturing PMI 51.4 (expected 51.1; last 51.5)

Swiss
February Retail Sales -0.2% yr/yr (expected 0.4%; last 0.3%).
March procure.ch PMI 45.2 (expected 45.0; last 44.0)