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

#73688
Truman
Participant

Major European indices are mostly lower, sporting modest losses with participants lacking conviction in front of the U.S. CPI report on Wednesday and the ECB policy meeting on Thursday.

STOXX Europe 600: UNCH
Germany’s DAX: -0.6%
U.K.’s FTSE 100: +0.1%
France’s CAC 40: -0.3%
Italy’s FTSE MIB: -0.4%
Spain’s IBEX 35: -0.2%

ECB
ECB is expected to leave its official policy rates unchanged but expectations are rising that the ECB will signal a rate cut at its June meeting.
That sentiment was likely helped with the ECB’s Bank Lending Survey, which revealed a slump in business loan demand in the first quarter.

France
February Trade Balance -EUR5.2 bln (expected -EUR7.0 bln; last -EUR7.2 bln)