Reply To: Traders Market Weekly: Avoid Whiplash, Fasten Your Seatbelts

#74059
Truman
Participant

Major European indices are mixed.

STOXX Europe 600: +0.3%,
Germany’s DAX: UNCH,
U.K.’s FTSE 100: +0.5%,
France’s CAC 40: +0.1%,
Italy’s FTSE MIB: UNCH,
Spain’s IBEX 35: -0.6%.

Eurozone
April Business and Consumer Survey 95.6 (expected 96.9; last 96.2)
European Central Bank policymaker Wunsch pushed back on speculation about a June rate cut that would be larger than 25 bps, adding that the central bank should be cautious about cutting again in July.

Italy
non-EU trade surplus EUR5.60 bln (last surplus of EUR6.89 bln)

Spain
April CPI 0.7% m/m (expected 1.0%; last 0.8%); 3.3% yr/yr (expected 3.4%; last 3.2%)
Spain’s Prime Minister Sanchez said that he will not resign even though his wife is being investigated for corruption and influence peddling.
BBVA reported solid results for the quarter and increased its profit guidance for the year.