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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 / Thursday at 7:15 GMT
FR France Flash PMIpreviousforecastactualHigh PMI, Mfg49.749.849.6Med PMI, Composite48.950Med PMI, Services49.149.750.5
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%
Calendar event / 16 April 2019 at 9:00 GMT
DE ZEW Indicator of Economic SentimentpreviousforecastactualMed Current Conditions126.96.36.199Med Economic Expectations-188.8.131.52
Squawk / 15 April 2019 at 7:27 GMTEquities march higher into earning season
Continuing positive US economic data into April, was assisted on Friday as the US earnings season kicked off in earnest, with the financial sector starting off with strong Q1 reports from J P Morgan and Wells Fargo.
This has reinforced an already “risk on” environment and encouraged the major US equity averages to the upside, with both the S&P 500 and Nasdaq 100 hitting new 2019 highs.
Furthermore, the major European equity indices also advanced, with the pan-European benchmark, the EURO STOXX 50 also hitting a new high for the year.
The short- and intermediate-term outlooks for global equity averages sets up bullish into the earnings season.
See the full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/equities-march-higher-into-earning-season/
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%
Calendar event / 10 April 2019 at 6:45 GMT
FR Industrial production indexpreviousforecastactualMed Industrial Production, M/M%+1.3%-0.5%+0.4%
Squawk / 09 April 2019 at 6:57 GMTGlobal equity indices firm, but cautious
The major global equity averages have taken a breath to start this week, after an extremely strong first quarter of gains and a firm start to April last week.
European and UK equity indices have seen slight dips lower since last Friday, partially due to rebounds in the Euro and Pound, which have weighed on the stock averages.
The US equity averages have also seen upside caution this week, with Boeing (NYSE: BA) still under downward pressure from downgrades.
Nevertheless, the S&P 500 still managed to nudge to a new cycle high on Monday, whilst the pan-European benchmark, the EURO STOXX 50, has managed to hold above modest support.
See the full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/global-equity-indices-firm-but-cautious/