While equities had their best day of the week Thursday, after having fallen for two consecutive days, analysts note that indices continue to struggle to push to fresh highs, with US markets closing mixed overnight, the DJIA marginally higher and the S&P 500 slightly lower.
After closing Thursday at 6,839.25, spread betters are indicating the
The ongoing situation in eastern
"The late pull-back into the US close is likely to manifest itself into a weaker European open this morning, with further anxiety about the situation in
Chinese CPI data overnight showed consumer prices rising at 1.8% year-on-year in April, down from 2.4% in March, missing economists expectations for price growth of 2.0%. On a monthly basis, prices fell by 0.3% in April, faster than the 0.1% fall expected.
German trade balance data has already been released Friday and show a trade surplus of
The euro remains at or below the lows against the dollar reached Thursday afternoon after
The market is now increasingly anticipating some form of policy action next month, with some analysts predicting an interest rate cut, with deposit rates possibly going negative.
"The ECB hinted strongly that it is preparing to add more accommodation in the next meeting on 5 June, as the bank is running out of patience with the rather low inflation outlook and the strong Euro," says UBS economist
While the German trade balance was slightly behind expectation, it remains much more healthy that the
Manufacturing production growth is expected at 0.3% month-on-month on March, down from 1.0% in February, while year-on-year growth is expected at 2.9%.
Already released from the
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