US Markit: the service sector is growing at the fastest rate recorded in almost 12 years of survey history, and manufacturers reported one of the strongest expansions seen over the past seven years
1.Manufacturing PMI Numbers Focus on a report on activity in the manufacturing sector. German Manufacturing PMI will be announced and it is expected to come out at 65.8 while Eurozone Manufacturing PMI is expected to be 62.0 in April. A reading above 50 indica...
Pandemic continues to constrain activity Near-term outlook remains clouded by uncertainty Vaccine underpins expectation of a 'firm' rebound in economic activity Inflation has picked up on idiosyncratic events but underlying pressure remains low
- Near term outlook is clouded - Persistently high rates of Covid and associated containment measures continue to constrain activity in the near term
US initial jobless claims 547K versus 610K estimate
ECB: Continue PEPP bond purchases until at least the end of March 2022.
ECB: Significantly faster pace of PEPP bond buying during the first months of the year
ECB UNCHANGED, ECB WILL KEEP PROVIDING AMPLE LIQUIDITY IN REFINANCING, TLTROS
ECB leaves key rates unchanged in April monetary policy meeting, as expected
1. ECB Interest Rate Decision (Apr) The European Central Bank will announce its rate decision and forward guidance today. All eyes will be on ECB head Christine Lagarde at the post-policy meeting press conference. We might see a response from ECB for the economic risk p...
Crude +594K, Exp.-3.550MM Gasoline +0.086M Distillates -1.074M Cushing -1.318M Production 11.0MMb/d, unch
Bank of Canada tapers bond buys by $1B/week to a rate of $3B per week Rates left unchanged at 0.25%, as expected
BANK OF CANADA REDUCES WEEKLY ASSET PURCHASES TO C$3B PER WEEK
1. Canada Inflation Data The Canada CPI is expected to come out at 0.6% m/m and y/y inflation is expected to rise to 2.3% in March from 1.1%. A higher than expected reading should be taken as positive for the Canadian Dollar. 2. Bank of Canada Rate D...
U.S PPI (MOM) (MAR) ACTUAL: 1.0% VS 0.5% PREVIOUS; EST 0.5% U.S PPI (YOY) (MAR) ACTUAL: 4.2% VS 2.8% PREVIOUS; EST 3.8%
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