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

#73838
Truman
Participant

Major European indices trade on a mostly higher note.

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

Germany’s DAX (-0.1%) lags with biotech name Sartorius down more than 10.0% after reporting quarterly results.

Eurozone
February Current Account surplus EUR29.5 bln (expected surplus of EUR45.2 bln; last surplus of EUR39.3 bln).
February Construction Output 1.83% m/m (last 0.19%)
European Central Bank policymakers have voiced support for a rate cut in June with policymaker Vasle saying that he expects about 100 bps worth of cuts this year.

Swiss
March trade surplus CHF3.542 bln (expected surplus of CHF3.220 bln; last surplus of CHF3.680 bln)

UK
Bank of England Governor Bailey said that inflation has followed the expected path and should show a “strong drop” next month.