Eurozone Feb Producer Price Index data now out 5 April – 0.4% prev – yy 1.6% vs 1.5% exp vs 1.6% prev from 1.5% MM better than expected but worse than previous. YY a little more encouraging for pipeline inflation nudging up.
Latest data released by the Federal Statistics Office – 5 April 2018 A bit of a beat in the inflation figures, and the core reading came in at +0.6% y/y – an increase of 0.1% too. That will at least give the SNB some form of comfort for the time being. A minor data point…
The greenback leads the major bloc so far today EUR/USD has slipped to session lows and is now testing long-term trendline support that was highlighted earlier. Meanwhile, USD/JPY has broken above the 107.00 handle and looks set to test the 107.32 level as mentioned .
Positive tones again on the official openings 5 April – FTSE +1.4% – DAX +1.7%
Qatar energy minister Mohammed Saleh speaks to Reuters in an interview Nothing too significant from Saleh’s comments. OPEC members so far have been reiterating that they want to continue with the cooperation post-production cuts deal but Russia’s latest comments is casting some doubt in that.
Your daily thread to exchange ideas and thoughts – 5 April 2018 How’s your week going ? Still good jobbing opportunities for those interested so are you taking advantage or waiting for levels outside of current ranges?
German chancellor planning on a visit to the US says Bild – meeting planned for 27 April Lots to talk about eh?
Eurozone Markit March PMI final data now out 5 April – 55.0 flash – composite 55.2 vs 55.3 exp/flash Softer final readings but still above the 50 threshold for growth. Markets not that bothered by these anymore though. Store away for general filing.
Latest data released by Markit/BME – 5 April 2018 The preliminary report can be found . here Soggier readings compared to the preliminary figures. The trend remains the same, as it seems that the expansion for manufacturing and services have peaked in December and January respectively. The real question will be how much slower will…
France Markit March PMI final readings now out 5 April – 56.8 flash – composite 56.3 vs 56.2 exp/flash Slightly better final data but not going to do much to current FX price action. One for your general filing box