UK CPI move above BOE target fxstreet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fxstreet.com Daily Mail and Mail on Sunday newspapers.
- Consumer staples: Salmar SALM.NO -5.1% (placement completion).
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Healthcare: Clinigen CLIN.UK -25.8% (trading update), Oasmia Pharma OASM.SE +4.0% (research update), Smith & Nephew SN.UK +3.3% (analyst action).
- Industrials: Leclanche LECN.CH +1.4% (results), Aker Solutions AKSO.NO.+1.2% (agreement with Petrobras), Heidelberger Drukmaschinen HDD.DE -13.2% (results).
Speakers
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BOE s Haldane (chief economist, QE dissenter) noted that the domestic economy was going gangbusters at this time and needed to begin turning off the monetary policy tap. If pay and costs were picking up then inflation was not very far behind.
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Sweden Central Bank (Riksbank) Gov Ingves stated that he expected inflation to fall in the short-term and then gradually rise back towards the 2% target. Reasonable to believe that inflation sped up after July. He saw big risks in withdrawing policy measures too early.
EU raises its GDP outlook for both 2021 and 2022 fxstreet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fxstreet.com Daily Mail and Mail on Sunday newspapers.
- (DK)
- (SE)
- (UK)
DMO sold £2.5B in 0.625% July 2035 Gilts; Avg Yield: 1.105% v 1.179% prior; bid-to-cover: 2.46x v 2.64x prior; Tail: 0.2bps v 0.1bps prior.
Looking Ahead
- 05:20 (EU) Daily ECB Liquidity Stats.
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- 05:30 (PT) Portugal Debt Agency (IGCP) to sell €1.0-1.25B in 3-month and 12-month Bills.
- 06:30 (UK) BOE Gov Bailey.
- 05:30 (ZA) South Africa announces details of next bond auction (held on Tuesdays).
- 06:00 (CZ) Czech Republic to sell 2024, 2032 bonds.
- 06:45 (US) Daily Libor Fixing.
- 07:00 (RU) Russia OFZ Bond auction (if any).
- 07:00 (US) MBA Mortgage Applications w/e Apr 16th: No est v -3.7% prior.
- (LX)
- (GR)
Greece
Debt Agency (PDMA) opened book to sell EUR-denominated 30-year bond via syndicate; guidance seen +160bps to mid-swaps
- (DK)
Looking Ahead
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06:00 (EU) Euro Zone Feb Final CPI Y/Y: 0.9%e v 0.9% advance; CPI Core Y/Y: 1.1%e v 1.1% advance; CPI M/M: 0.2%e v 0.2% advance
- 06:00 (EU) Euro Zone Jan Construction Output M/M: No est v -3.7% prior; Y/Y: No est v -2.3% prior
- 06:00 (GR) Greece Dec Unemployment Rate: No est v 16.2% prior
- 06:00 (CY) Cyprus Feb CPI Harmonized M/M: No est v -0.8% prior; Y/Y: No est v -0.8% prior