Market movers today
The main release will be US consumer confidence for April from University of Michigan. We expect it to be unchanged at 80.0. While the labour market has picked up a bit recently as seen by the strong jobless claims yesterday, a rise in gasoline prices has worked in the other direction on sentiment.
US PPI is expected to rise 0.1% m/m in March but there may be some upside risk to this as import prices released yesterday rose a bit more than expected in March.
In Europe final inflation data for March in Germany and Spain are released but we do not expect any revisions. ECB will also announce the repayment on the 3-year LTRO at noon.
S&P and Moody's will publish sovereign debt ratings for Denmark and Sweden respectively.
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