Reply To: Traders Market Weekly: Consumers Along for The Ride


Major European indices trade in the green.

STOXX Europe 600: +0.7%,
Germany’s DAX: +0.6%,
U.K.’s FTSE 100: +1.0%,
France’s CAC 40: +0.4%,
Italy’s FTSE MIB: +0.6%,
Spain’s IBEX 35: +0.8%.

March Retail Sales 0.8% m/m (expected 0.6%; last -0.3%); 0.7% yr/yr (last -0.5%)

March Factory Orders -0.4% m/m (expected 0.4%; last -0.8%).
March trade surplus EUR22.3 bln (expected EUR22.4 bln; last EUR21.4 bln). March Imports 0.3% m/m (expected -1.0%; last 3.0%) and Exports 0.9% m/m (expected 0.4%; last -1.6%)

April Halifax House Price Index 0.1% m/m (expected 0.2%; last -0.9%); 1.1% yr/yr (last 0.4%)
BP missed earnings expectations
The Bank of England will release its latest policy statement on Thursday, but the bank rate is expected to remain at 5.25%.

Q1 nonfarm payrolls 0.2% qtr/qtr (expected 0.0%; last 0.0%).
March trade deficit EUR5.5 bln (expected deficit of EUR5.0 bln; last deficit of EUR5.6 bln).
March Current Account surplus EUR1.30 bln (last surplus of EUR300 mln)

April Unemployment Rate 2.3%, as expected (last 2.3%)
UBS reported its first profit since taking over Credit Suisse while .

Chipmaker Infineon reported solid results for the quarter but lowered its guidance for the full year once again.