Market movers today – Danske Bank

According to Danske Bank analysts, today, we have a hectic day ahead of us as the markets will continue to digest the potential ECB tiering system as well as the aftermath of yesterday's Brexit votes.

Key Quotes

“On the data from, we get preliminary German inflation data for March. We see scope for a small rise to 1.8% y/y (from 1.7%) on the back of the recent increasing oil prices.”

“In the US, we get February housing market numbers and 2018 Q4 private consumption print. Recently, the housing market has started to show a bit weakness especially home sales numbers, which we expect is driven by higher mortgage rates. However, housing market data are quite volatile. The day also brings a number of Fed speeches, but these are going to fade into the background for some time, as the Fed has clearly signalled it is on hold for the rest of the year.”

“Overnight, Japanese industrial production and retail sales are released.”