Reply To: Traders Market Weekly: Fear, Greed, War and Volatility


Major European indices trade in the red.
STOXX Europe 600: -1.4%,
Germany’s DAX: -1.0%,
U.K.’s FTSE 100: -1.3%,
France’s CAC 40: -1.1%,
Italy’s FTSE MIB: -1.4%,
Spain’s IBEX 35: -1.1%.

European Central Bank policymakers Rehn and Makhlouf spoke about the possibility of a rate cut in June.
April ZEW Economic Sentiment 43.9 (expected 37.2; last 33.5).
February trade surplus EUR23.6 bln (last surplus of EUR11.6 bln)

Lufthansa adjusted its full-year outlook to account for the impact of labor strikes.
Economists from Germany’s ZEW Institute noted that the global recovery is boosting growth expectations for Germany.
April ZEW Economic Sentiment 42.9 (expected 35.9; last 31.7) and ZEW Current Conditions -79.2 (last -80.5).
March WPI 0.2% m/m (expected 0.1%; last 0.2%); -3.0% yr/yr (last -3.0%)

The U.K. reported weak jobs numbers, including a larger than expected increase in unemployment for February, which boosted rate cut expectations.
February three-month employment change -156,000 (last -21,000),
February Unemployment Rate 4.2% (expected 4.0%; last 3.9%), February Average Earnings Index + Bonus 5.6% yr/yr (expected 5.5%; last 5.6%).
March Claimant Count change 10,900 (expected 17,200; last 4,100)

March CPI 0.0% m/m (expected 0.1%; last 0.1%); 1.2% yr/yr (expected 1.3%; last 0.8%).
February trade surplus EUR6.034 bln (expected surplus of EUR3.440 bln; last surplus of EUR2.495 bln)