KBC Market Research Desk
KBC Bank
-
European shares opened lower and lost further ground during the session following a disappointing outcome of the BOJ meeting. US Equities opened slightly lower too, but losses are contained following a number of better than expected earnings.
-
German HICP inflation unexpectedly turned into negative territory in April, falling from 0.1% Y/Y to ‐0.1% Y/Y while a slowdown to zero was expected. Prices of leisure & entertainment led the drop, which was partially offset by higher prices for energy.
-
Following three consecutive monthly declines, European Commission’s economic confidence picked up more than expected in April, rising from 103.0 to 103.9 led by improving sentiment in the services sector.
-
Belgian economic growth slowed to 0.2% Q/Q in Q1 from an upwardly revised 0.5% Q/Q growth rate during the last three months of 2015. Annually, GDP rose by 1.5% Q/Q, the same pace as in Q4. Tomorrow, the EMU GDP data are expected to show a slight pickup in growth at the start of the year.
-
Ford Motor Co announced today its net income more than doubled, while its quarterly operating margin jumped to a record. Excluding one‐time items, earnings per share were 68 cents, easily beating Wall Street expectations.
This non-exhaustive information is based on short-term forecasts for expected developments on the financial markets. KBC Bank cannot guarantee that these forecasts will materialize and cannot be held liable in any way for direct or consequential loss arising from any use of this document or its content. The document is not intended as personalized investment advice and does not constitute a recommendation to buy, sell or hold investments described herein. Although information has been obtained from and is based upon sources KBC believes to be reliable, KBC does not guarantee the accuracy of this information, which may be incomplete or condensed. All opinions and estimates constitute a KBC judgment as of the data of the report and are subject to change without notice.
Recommended Content
Editors’ Picks
EUR/USD regains traction, recovers above 1.0700
EUR/USD regained its traction and turned positive on the day above 1.0700 in the American session. The US Dollar struggles to preserve its strength after the data from the US showed that the economy grew at a softer pace than expected in Q1.
GBP/USD returns to 1.2500 area in volatile session
GBP/USD reversed its direction and recovered to 1.2500 after falling to the 1.2450 area earlier in the day. Although markets remain risk-averse, the US Dollar struggles to find demand following the disappointing GDP data.
Gold climbs above $2,340 following earlier drop
Gold fell below $2,320 in the early American session as US yields shot higher after the data showed a significant increase in the US GDP price deflator in Q1. With safe-haven flows dominating the markets, however, XAU/USD reversed its direction and rose above $2,340.
XRP extends its decline, crypto experts comment on Ripple stablecoin and benefits for XRP Ledger
Ripple extends decline to $0.52 on Thursday, wipes out weekly gains. Crypto expert asks Ripple CTO how the stablecoin will benefit the XRP Ledger and native token XRP.
After the US close, it’s the Tokyo CPI
After the US close, it’s the Tokyo CPI, a reliable indicator of the national number and then the BoJ policy announcement. Tokyo CPI ex food and energy in Japan was a rise to 2.90% in March from 2.50%.