- ECB Rate Decision: Thursday, 11:45. The ECB is expected to maintain current policy. The market will be focusing on the rate statement and looking for any comments on inflation or the emergency pandemic program.
- PMIs: Friday, 7:15 in France, 7:30 in Germany, and 8:00 for the whole eurozone. Manufacturing continues to show strong expansion. Germany is leading the way, and the estimate for the April Manufacturing PMI stands at 65.8. The estimate for the eurozone stands at 62.0. The services sector has been lagging behind, due to the ongoing lockdowns in Western Europe. The estimate is 51.1 for Germany and 49.1 for the eurozone. The 50-level separates contraction from expansion.
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