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

#73574
Truman
Participant

Major European indices trade on a mostly flat note.

STOXX Europe 600: -0.1%,
Germany’s DAX: +0.2%,
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%.

Eurozone

Inflation in the eurozone decelerated slightly in March, contributing to speculation that the European Central Bank will be in position to announce the initial rate cut in June.
March CPI 0.8% m/m (last 0.6%); 2.4% yr/yr (expected 2.5%; last 2.6%).
March Core CPI 1.1% m/m (last 0.7%); 2.9% yr/yr (expected 3.0%; last 3.1%).
February Unemployment Rate 6.5% (expected 6.4%; last 6.5%)

France
February government budget deficit EUR44.0 bln (last deficit of EUR25.7 bln)

Italy
February Unemployment Rate 7.5% (expected 7.2%; last 7.3%)
The EU Commission will order Italy to reduce spending by up to EUR4 bln to avoid EU sanctions

Spain
IBEX (+0.5%) outperforms with bank names contributing to the strength.