In terms of data releases, today is set to be a fairly quiet day.
In the UK, focus will be on the release of NIESR GDP estimate for March, as the estimate in February suggests that growth in Q1 has been around 0.3% q/q, much lower than in Q4 when the economy grew 0.6%. Also, industrial and manufacturing production figures for February are due.
In Europe, the ECB's Mersch and Nowotny will be speaking, while the Fed's Dudley and George will present their views on the US economy.
In Sweden, SCB is due to report the March consumer spending indicator. Based on the retail sales number, we expect flat sales m/m. In Denmark, current account and trade data are due.
To read the entire report Please click on the pdf File Below