A preview of what's to come in European trading later
Howdy, everyone! Hope you're all doing well as we close out the final trading day of the week. It's been a bit of a lively one in Asian trading, with the key news being Trump proposing an additional $100 billion worth of tariffs against China.
That sent US equity futures tumbling, which in turn affected yen pairs. But since then, both has held steady - in part due to a lack of reaction from China as they're off on a break until next week.
Anyway, here's what is coming up later in European trading:
0600 GMT - Germany February industrial production data
Prior report can be found here. A minor data point, but another one to contribute to Eurozone data sentiment.
0645 GMT - France February trade balance data
Prior release can be found here. The deficit should remain in line with prior reading, not a market mover by any means.
0700 GMT - Switzerland March foreign currency reserves
Prior report can be found here. A little glimpse into the SNB's operations/interventions but not likely to offer all too much. Reserves are expected to rise to ~CHF 736 bn this time around.
0700 GMT - Spain February industrial production data
Prior release can be found here. Another minor data point, and also another one that contributes to the general Eurozone economic sentiment.
0730 GMT - Germany March construction PMI
Prior report can be found here. The previous reading was distorted by weather - according to Markit - so let's see if a rebound will come this time around in Germany's booming sector. A minor data point though.
0810 GMT - France, Germany, Eurozone March retail PMI
Prior release can be found here. A general sentiment indicator of the consumer and the retail sector in the Eurozone. Not a market mover.
Apart from that, we have ECB's Coeure speaking in Italy at 0730 GMT on 'the outlook for the economy and finance'.
That's all for the day. I wish you all a great day ahead, and as always good luck with your trading!