Market movers today
Euro area retail sales for March released today. Following solid monthly increases in both January (0.1%) and February (0.7%) we expect a marginal monthly decline of 0.1% in March.
The important PMI services index for UK is due today and we expect it to be more or less unchanged at 55.0, as suggested by the services confidence indicator.
Following the final TV debate in the French election yesterday, the market will monitor incoming polls to see if it has impacted Macrons strong lead ahead of the second round of the election on Sunday.
We do not expect any new signals from Norges Bank today. It is not long since the previous meeting in March, which included a monetary policy report with updated interest rate projections. Although the bank continued to signal a significant chance of a further rate cut, there is little to suggest that the probability has increased since the March meeting.
To read the entire report Please click on the pdf File Below