Market movers ahead
– Although the US job market has picked up, we expect Ben Bernanke to argue that full-on recovery is still some way off – as is any tightening of monetary policy.
– In Europe, the week’s PMI, IFO, ZEW and consumer confidence data are unlikely to signal any great sea-change in the economy.
– The Chinese PMI for March will shed some light on what is actually going on there after the big swings in data around Chinese New Year.
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Danske Bank