Euro yesterday strengthened slightly against the dollar
Yesterday we saw the consumer price index (according to national guidance and harmonized with the EU) from France and Germany last month, which were more or less in line with market expectations. German harmonized index rose by 0.4% m / m and 1.8% y / y. French consumer prices rose by 0.8% m / m and 1.1% y / y. French inflation decelerated since last August, which is mainly a result of lower energy prices. According to these results, the March inflation in the euro area should remain flat at 1.7% y / y (to be published on Tuesday 16April). On the other side of the Atlantic was the usual Thursday published statistics on the number of applications for unemployment benefits last week. They surprised decrease from the revised 388 000 to 346 thousand (Market 360,000) and confirmed the improving trend in the U.S. labor market.
Today in the U.S. we see the March retail sales (market stagnation) and the producer price index (market -0.2% m / m, 1.4% y / y). University of Michigan also publish preliminary data on consumer confidence in April. This would be in accordance with market consensus offend slightly from 78.6 points to 78.5 points. In the euro area industrial production will be published in February. That, according to market consensus mom should increase by 0.2% m / m (SA) and yoy decline of 2.5% y / y (WDA).In Dublin there will be an informal meeting of the Eurogroup and EUROFIN. On the agenda is a discussion of the situation in Slovenia and recent developments in Portugal.
Author: Jana Malíčková
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