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

#74320
TradersCom
Keymaster

Major European indices are looking for a higher finish to the week.

STOXX Europe 600: +0.9% (+3.1% week-to-date),
Germany’s DAX: +0.5% (+4.4% week-to-date),
U.K.’s FTSE 100: +0.7% (+2.8% week-to-date),
France’s CAC 40: +0.7% (+3.6% week-to-date),
Italy’s FTSE MIB: +1.0% (+3.2% week-to-date),
Spain’s IBEX 35: +0.7% (+2.5% week-to-date).
International Consolidated Airlines reported strong results for Q1.

U.K.
The U.K. is on track to emerge from a technical recession after the flash reading of Q1 GDP showed growth.
Q1 GDP 0.6% qtr/qtr (expected 0.4%; last -0.3%); 0.7% yr/yr (expected 0.3%; last -0.2%).
Q1 Business Investment 0.9% qtr/qtr (expected 1.9%; last 1.4%); -0.6% yr/yr (last 2.8%).
March Industrial Production 0.2% m/m (expected -0.5%; last 1.0%); 0.5% yr/yr (expected 0.3%; last 1.0%).
March Manufacturing Production 0.3% m/m (expected -0.5%; last 1.2%); 2.3% yr/yr (expected 1.8%; last 2.6%).
March Construction Output -0.4% m/m (expected 0.8%; last -2.0%); -2.2% yr/yr (expected -1.2%; last -2.0%).
March trade deficit GBP13.97 bln (expected deficit of GBP14.50 bln; last deficit of GBP14.13 bln)

Italy
March Industrial Production -0.5% m/m (expected 0.3%; last 0.1%); -3.5% yr/yr (last -3.3%).
March Industrial Sales 2.0% m/m (last -3.2%); -1.7% yr/yr (last -3.9%)

A survey conducted by the EU Chamber of Commerce showed that more than 500 European companies see their sentiment surrounding business with China as being at an all-time low.