Market movers today
Today is a rather quiet day in terms of data releases (so is the rest of the week actually). In the US, regional PMIs begin to tick in now and we estimate them to have declined from their extremely high levels, as they have overshot ISM/Markit PMI. The Empire manufacturing index data is due out today.
In Denmark, the GDP indicator for Q1 is due to be published today at 09:00 CET. We estimate GDP grew by 0.4% q/q in Q1, as private consumption seems to have made a decent start to 2017 and the statistics for business revenue are also pointing up.
In Norway, trade data for April is due out today but more important is the GDP data for Q1, which is due out tomorrow.
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