Focus will be on the situation in Ukraine again after the international agreement toavert wider conflict in Ukraine faltered on Monday. Today US Vice President JoeBiden meets with Ukrainian Acting President and Prime Minister.
In terms of data releases we have a thin calendar. Most interesting will be US existinghome sales. We expect it to lie flat on the month, whereas consensus is for a decline.
In the euro area consumer confidence for April is released and we expect a smallincrease. Last month it increased to the highest level since end-2007 after it trendedupwards during 2013. The change in consumer sentiment indicates higher privateconsumption in the euro area in 2014.
Early tomorrow morning the Chinese flash estimate for the Markit/HSBCmanufacturing PMI for April is released and we expect it to continue to decline to47.6 from 48.0 in March. Currently, it looks like April will mark the bottom.
In the Scandi markets focus will be on Swedish unemployment.
Read the full report: FX Daily
Danske Bank