According to Danske Bank analysts, in the UK, focus remains on Brexit after PM May’s intervention yesterday evening.
Key Quotes
“It would be positive for sentiment if May and Corbyn could find common ground but we still cannot rule out a no deal Brexit at this point, although we remain optimistic that the politicians want to go a long way to avoid that.”
“In Europe, retail sales in February are due out at 11:00 CEST. Given the weakness in Europe lately, it feels like every data release is important. Our base case is still that we should soon see improvement in Europe. In Norway, we get house price data.”
“In the US, we are looking forward to the release of the ISM non-manufacturing index for March, which is a better indicator of GDP growth than ISM manufacturing. Based on the ISM indices, US growth was decent in Q1. ADP employment is due out at 14:15 CEST. We also have plenty of Fed speakers today.”
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