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

#74285
Truman
Participant

Major European indices trade in positive territory while Italy’s MIB (-0.2%) lags with automakers contributing to the underperformance.

STOXX Europe 600: +0.3%,
Germany’s DAX: +0.3%,
U.K.’s FTSE 100: +0.3%,
France’s CAC 40: +0.9%,
Italy’s FTSE MIB: -0.2%,
Spain’s IBEX 35: +0.5%.

Germany
March Industrial Production -0.4% m/m (expected -0.6%; last 1.7%); -3.4% yr/yr (last -5.2%)
Siemens Energy reported strong results for the quarter and raised its guidance for the year.

Italy
March Retail Sales 0.0% m/m (expected 0.2%; last 0.1%); 2.0% yr/yr (last 2.4%)

Spain
March Industrial Production -1.2% yr/yr (last 1.3%)

Sweden
Riksbank lowered its policy rate by 25 bps to 3.75%, making for the first cut since 2016. The central bank sees room for two more cuts in the second half of this year.