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Calendar event / Thursday at 8:00 GMTpreviousforecastactualHigh PMI, Mfg47.547.947.8Med PMI, Composite51.651.651.3Med PMI, Services53.35352.5
Calendar event / Thursday at 7:30 GMT
DE Germany Flash PMIpreviousforecastactualHigh PMI, Mfg44.144.844.5Med PMI, Composite51.452.1Med PMI, Services55.455.155.6
Calendar event / Wednesday at 9:00 GMT
EU Harmonised CPIpreviousforecastactualHigh CPI, Y/Y%+1.5%+1.4%+1.4%High Core CPI, Y/Y%+1%+0.8%+0.8%Med CPI, M/M%+0.3%+1%+1%Med Core CPI, M/M%+0.3%+1.3%+1.3%Med Ex-Tobacco, M/M%+0.3%+1%Med Ex-Tobacco, Y/Y%+1.4%+1.3%
Squawk / Wednesday at 7:00 GMTEuropean equity markets head North
A solid advance by the major European (and in fact global) equity markets over the past 24 hours, building on the renewal of risk appetite over the past week as global equity markets have entered earnings season.
Moreover, this more recent positive tone has built on the intermediate-term bullish trends from late 2018 through Q1 2019, assisted by solid consolidation phases seen in March and more recently in early April.
This activity leaves risks for still further gains as markets continue to overcome resistance levels from last year (with US averages eyeing all-time highs).
A more recent negative tone for GBPUSD has assisted in pushing the UK benchmark equity average, the FTSE 100, higher.
Whilst an improvement in German economic data over the past week has allowed for a robust advance by the German flagship index, the DAX.
Full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/european-equity-markets-head-north/
Calendar event / 16 April 2019 at 9:00 GMT
DE ZEW Indicator of Economic SentimentpreviousforecastactualMed Current Conditions22.214.171.124Med Economic Expectations-126.96.36.199
Calendar event / 12 April 2019 at 9:00 GMT
EU Industrial ProductionpreviousforecastactualHigh Indus Output, M/M%+1.4%-0.6%-0.2%Med Indus Output, Y/Y%-1.1%-1.2%-0.3%
Calendar event / 11 April 2019 at 6:00 GMT
DE CPIpreviousforecastactualMed Overall CPI, M/M%+0.4%+0.4%+0.4%Med Overall Index, Y/Y%+1.5%+1.3%+1.3%
Squawk / 11 April 2019 at 5:51 GMTEquity averages rebound, aiming higher again
Setbacks early this week for the major, global equity indices have reflected both bullish fatigue heading into earnings season, alongside concerns regarding trade tensions between the US and Europe (despite the positive soundings from US-Sino trade talks).
Wednesday brought a slew of economic events, including UK GDP, US CPI, the ECB decision and FOMC Meeting Minutes, with the net result being rebounds for the global equity averages after the recent pullbacks.
This activity points towards further upside gains both today and potentially into and through mid-April.
Here we focus on the German benchmark, the DAX, but firstly the US broad yardstick index, the S&P 500: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/equity-averages-rebound-aiming-higher-again/
Calendar event / 05 April 2019 at 6:00 GMT
DE Industrial Production IndexpreviousforecastactualHigh Indus Output-Adj, M/M%-0.8%+0.5%+0.7%Med Indus Output-Adj, Y/Y%-3.3%-0.4%Med Mfring Output, M/M%-1.2%-0.2%Med Construction Output, M/M%+0.2%+6.8%
Calendar event / 04 April 2019 at 6:00 GMT
DE Manufacturing orderspreviousforecastactualHigh Total Orders-SA, M/M%-2.6%+0.5%-4.2%Med Total Orders-SA, Y/Y%-3.9%-8.4%Med Domestic Orders-SA, M/M%-1.2%-1.6%Med Foreign Orders-SA, M/M%-3.6%-6%