Market movers today – Danske Bank

Danske Bank analysts point out that in the euro area the economic confidence indicator for April is due out and it shall be interesting to see if it also points to a lacklustre start to Q2, in line with the latest PMIs.

Key Quotes

“Loan growth data for March will also be released, which markets will keep an eye on to gauge how favourable the ECB will design its new liquidity operation (TLTRO3) when details are announced in June.”

“In the US, focus today reverts to the inflation front with the PCE figures for March. The Fed's communication recently has put more weight on the inflation dynamics and therefore it will be interesting to see whether the PCE core rate shows a further decline from 1.8% in February.”

“In Sweden, we get trade balance figures for March and in Denmark focus is on business confidence data.”

“Later this week, Q1 GDP data out of the euro area, Chinese PMIs as well as the Fed meeting and US job report will be in focus.”