Focus will continue on developments in Ukraine where turmoil has spread andturned more deadly over the weekend. Markets in both the UK and Japan areclosed for bank holidays today.
Euro area finance ministers are expected to formally approve Portugal’s “clean”exit from its bail-out programme in connection with today’s euro group meeting.The EU Commission is also scheduled to release its spring economic forecasttoday and the 1.2% GDP forecast for 2014 could be revised slightly higher.
In the US, attention today will mainly be on non-manufacturing ISM for April. Afteronly a modest rebound in March, the non-manufacturing ISM probably continuedto edge higher in April, largely reflecting normalisation on the back of weatherrelatedweakness in the previous months.
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Danske Bank