Daily Update - 16th April 2019
Yesterday Explained German's Bundesbank monthly report indicated that the country's economy grew moderately in the first quarter of the year, adding that the underlying growth trend remains subdued, hardly a news, but still weighing on the shared currency. The US published the preliminary NY Empire State Manufacturing Index for April. In the Brexit front, nothing has changed, without progress in May-Corbyn talks. The issue has been set temporarily aside after the EU granted the kingdom a flexible extension up to October 31 Today's Market · GBP ILO Employment Rate · EUR ZEW Survey Today’s Focus Tuesday will bring the German ZEW survey for April, with the economic sentiment expected to have improved in the country and the Union. The EU will release February Construction Output, while the US will unveil March Capacity Utilization and Industrial Production, seen little changed when compared to the previous month. Range trading may continue ahead of Thursday when both economies will publish more relevant figures. The UK will release this Tuesday its latest employment data, with the unemployment rate expected to remain unchanged.
