• European shares reopened after the long weekend and show broad‐based gains, increasing up to 2% with several indices reaching new cyclical highs. In the US, Equities opened slightly higher too.

  • The ECB announced today that it settled €60.953 billion under the covered bond, ABS and public‐sector purchase programme in March. Last week, they purchased €11.5 billion public sector bonds.

  • Greek lawmakers voted today in favour of setting up a committee to examine the circumstances under which Greece agreed to its bailouts, saying it will give answers to the questions concerning the Greek people.

  • The final reading of the euro zone services PMI for March showed a limited downward revision from 54.3 to 54.2, up from 53.7 in February. Despite the limited downward revision, activity in the sector rose at the fastest pace in eight months.

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.

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