Reply To: Traders Market Weekly: War, Inflation and Central Banks

#73680
Truman
Participant

Major European indices are mostly higher, sporting modest gains on the heels of Wall Street’s nice move on Friday following the March employment report.

STOXX Europe 600: +0.3%
Germany’s DAX: +0.6%
U.K.’s FTSE 100: +0.2%
France’s CAC 40: +0.6%
Italy’s FTSE MIB: +0.6%
Spain’s IBEX 35: -0.1%

Eurozone’s
Some better-than-expected investor confidence data for the eurozone and a stronger-than-expected industrial production report for Germany have helped contribute to the positive disposition.
April Sentix Investor Confidence -5.9 (expected -8.3; last -10.5)
The ECB policy meeting on Thursday is a focal point as market participants increasingly expect a nod in the directive to a likely rate cut in June. That view has been helped by a recent ECB poll, according to Bloomberg, that suggested companies in the eurozone are expecting a slowdown in wage growth.

Germany
February Trade Balance EUR21.4 bln (expected EUR25.1 bln; last EUR21.4 bln);
February Industrial Production 2.1% m/m (expected 0.6%; last 1.3%)

Switzerland
March Unemployment Rate 2.3% (expected 2.2%; last 2.2%)