Focus remains on various central bank policy decisions
- Various EU data for March highlighting the uncertainty triggered by Russia's war against Ukraine (German Factory Orders and French Production data m
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- Various EU data for March highlighting the uncertainty triggered by Russia's war against Ukraine (German Factory Orders and French Production data m
EU Mid-Market Update: EU details the 6th round of Russian sanctions; India and Iceland hike rates in session citing inflation; focus on FOMC decision.
EU Mid-Market Update: Euro Area Apr PMI Manufacturing stays in expansion territory; focus on upcoming rate decisions during the week. Notes/Observatio
- 05:20 (EU) Daily ECB Liquidity Stats. - 05:30 (DE) Germany to sell combined €6.0B in 3-month and 9-month Bubills. - Sells €B vs. €3.0B indicated in 3-month BuBills; Avg Yield: % v -0.6372% prior; Bid-to-cover: x v 2.07x prior (Apr 6th 2021). - Sells €B vs. €3.0B indicated in 9-month BuBills; Avg Yield: % v -0.6472% prior; Bid-to-cover: x v 1.55x prior (Apr 6th 2021). - 05:30 (NL) Netherlands Debt Agency (DSTA) to sell €2.0-4.0B in 3-month and 6-month bills. - 05:30 (ZA) South Africa announces details of upcoming I/L bond sale (held on Fridays). Bonds - 06:00 (IL) Israel to sell ...
Currencies/Fixed Income - Slightly higher US yields helped to stabilize the USD but the greenback remained on track to register its fourth straight weekly decline and its longest weekly streak of losses since last July. The USD softness being attributed to Fed Chief Powell's acknowledgment that it needed further evidence of "substantial further progress" toward recovery to warrant a change to its ultra-loose monetary settings. - EUR/USD brushed aside various Q1 GDP readings and ignored the prospect of a double-dip recession in the region. Dealers appeared to be looking at recent data reports ...