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


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%

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.

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%)

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