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


Major European indices are on track for a lower finish to the week.

STOXX Europe 600: -0.5% (-1.6% week-to-date),
Germany’s DAX: -0.8% (-1.2% week-to-date),
U.K.’s FTSE 100: -0.7% (-2.2% week-to-date),
France’s CAC 40: -0.4% (-0.3% week-to-date),
Italy’s FTSE MIB: -0.3% (UNCH week-to-date),
Spain’s IBEX 35: -0.7% (UNCH week-to-date).

Regional markets fell to lows at the open in response to Israel’s attack on Iranian territory, but some of the losses were recovered as participants focused on the lack of major damage from the action.

March PPI 0.2% m/m (expected 0.0%; last -0.4%); -2.9% yr/yr (last -4.1%)
Germany’s government will reported revise its 2024 growth forecast to 0.3% from 0.2%.

March Retail Sales 0.0% m/m (expected 0.3%; last 0.1%); 0.8% yr/yr (last -0.3%). March Core Retail Sales -0.3% m/m (last 0.3%); 0.4% yr/yr (last -0.4%)
British retail sales undershot expectations for March.

March Consumer Confidence 82.5 (last 78.5)

European Central Bank policymaker Panetta said that disinflation is continuing while policymaker Rehn said that with inflation converging toward the 2.0% target, there is no longer a need to keep rates at the current level for a long time.