Earnings in full flow – Focus turns US GDP and Core PCE data 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.
Speakers
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ECB’s De Guindos (Spain) stated that was expecting a strong activity increase in H2. Inflation could be above 2% by end-2021 due to temporary factors. Saw moderation in inflation in 2022. Reiterated stance that best to err on the side of caution on when to begin removing stimulus.
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ECB s Elderson (Netherlands; SSM member) stated that banks need to play pivotal role in greening economy.
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Turkey Central Bank (CBRT) Gov Kavcioglu QIR press conference reiterated stance to maintain a tight monetary policy as it would act as a buffer. Increasing global inflation expectations is putting pressure on emerging market currencies.
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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.