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- European markets remain close for Easter Monday holiday. - Last Friday, Fed's Chair Powell following release of PCE deflator data said Fed is not under pressure to cut rates, but waiting too long could mean unneeded damages to the economy and the labor market; US jobs report for March set to be released this Friday.
- UK Q4 GDP data confirmed the country’s 1st recession in almost four years.
- Czech, Norway and Denmark CPI continue to moderate lower, with Denmark leading disinflation path, now at 0.8% YoY.
- Focus on 2nd reading of US Q4 GDP data. - RBNZ kept its policy steady and softened its previous threat to lift rates even further.
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