Market movers today
The geopolitical situation in Ukraine will probably be the main focus after deadly clashes on Sunday in eastern Ukraine and the Ukrainian government's announcement that it will move troops into eastern Ukraine to regain complete control. All eyes will be on a possible Russian reaction. EU foreign ministers will meet in Brussels today to discuss a response.
In the data calendar the main release is March retail sales in the US. We expect a solid weather-related rebound in retail sales driven by not least stronger auto sales. Euro-area industrial production for February will also be released and is expected to show a moderate improvement. As most euro-area countries have already released national production data, this is usually not a release with major surprises.
Q1 earning reports will be a major focus this week after the sharp correction in the US stock market last week. We kick off a very busy reporting week with CitiGroup reporting today.
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