Market movers ahead
– In the US, the housing market will be in focus with the release of the NAHB housing index, building permits and housing starts. We expect data to show a continuation of the recovery in the housing market.
– Chinese Q1 GDP is scheduled for release next week. Industrial production data suggest that GDP growth accelerated only marginally in Q1.
– On Thursday, the Italian parliament meets to elect a new president. The vote will be vital as it is up to the successor of outgoing President Giorgio Napolitano to find a way out of the current political deadlock.
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Danske Bank