Market movers today
It is the last week ahead of the Easter Holiday and the data calendar is dominated by not least CPI inflation prints across the globe. Today, the inflation set is kicked off with data out of Norway and Denmark. Also, we will get Danish balance of payments data and the Swedish labour force survey release. See page 2 for more details.
In the US, today brings the first of several speeches by the FOMC scheduled in the coming weeks as Fed Chair Janet Yellen is set to speak tonight. We do not expect any major news but focus will naturally be on the Fed's intention to start quantitative tightening. See FOMC minutes: Quantitative tightening is moving closer , 5 April.
In the euro area, the Sentix investor confidence is due to be released. Sentix climbed from 1.7 in July 2016 to 20.7 in March, which is the highest level since the financial crisis. As noted last month, political uncertainty has derailed financial sentiment while PMIs and other survey indicators show strength consistently. We therefore expect Sentix to increase marginally to 21.0 in April as we also note that the historically high level makes further upside surprises less likely.
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