In the euro area, we get data for the German economic sentiment indicator ZEW expectations, which we expect to remain at the current low level as indicated by the Sentix investor confidence. Despite the additional easing from the ECB in March, investors seem worried about the economic outlook and whether the central banks have started to lose their power.
In the US, March figures on housing starts and building permits are due for release. We look for the recovery of the US housing market to continue.
In the UK, everything continues to be driven by the upcoming EU in/out referendum. Today Chancellor of the Exchequer, George Osborne, is questioned by the House of Commons Treasury Committee about the cost/benefit of the EU membership ahead of the EU in/out referendum. BoE Governor Carney speaks at the parliament's Economic Affairs Committee.
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