Euro area retail sales and Norges Bank rate decision amongst market movers today – Danske Bank

Analysts at Danske Bank points out that Euro area retail sales for March released today and following solid monthly increases in both January (0.1%) and February (0.7%) they expect a marginal monthly decline of 0.1% in March.

Key Quotes

“We do not expect any new signals from Norges Bank today. It is not long since the previous meeting in March, which included a monetary policy report with updated interest rate projections. Although the bank continued to signal a significant chance of a further rate cut, there is little to suggest that the probability has increased since the March meeting.”

“The important PMI services index for UK is due today and we expect it to be more or less unchanged at 55.0, as suggested by the services confidence indicator.”

“Following the final TV debate in the French election yesterday, the market will monitor incoming polls to see if it has impacted Macron s strong lead ahead of the second round of the election on Sunday.”