Market Movers ahead
– Fed is expected to scale down rhetoric as the economy enters a soft patch.
– In the US April non-farm payrolls are expected to show only a modest increase.
– In the euro area a relatively weak PMI and German IFO are expected to pave the way for a 25bp cut in ECB’s refi-rate.
– In Italy the struggle to create a new government intensifies.
– Bank of Japan has gone all in and is not expected to ease further – focus will be on
– Bank of Japan’s new medium-term inflation forecast.
– In China resilient PMIs in April should ease some of the fear of renewed deceleration.
– In Denmark Nationalbanken is expected to follow ECB and cut its lending rate by up to 25bp.
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Danske Bank