Market movers today
• German IFO expectations are projected to grind slightly higher in line with this month’s ZEW and PMI releases. The prospect for increases is somewhat limited however, as the IFO expectations are already at a relatively high level.
• US durable goods orders are expected to show a fairly strong increase in April after the 5.8% drop in March. Capital goods orders excluding defence and aircraft rose last month and we expect them to be stable in this month.
• ECB’s Vítor Constâncio and the European Commission’s Olli Rehn both speak on financial regulation.
• In Sweden we look for a further rise in consumer confidence, while manufacturing confidence is expected to take a break.
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Danske Bank