Global update

  • Scandi - some signs of stabilisation in Norway and Denmark. However, Sweden still looks weak
  • US activity data have been mixed, but forward looking indicators continues have continued to improve
  • Beige Book and Bernanke acknowledge signs of a slower pace of contraction in the US economy
  • Chinese key figures now indicate recovery under way
  • Financial Q1 earnings reports have beaten expectations

Market movers ahead

  • US home sales and durable orders data for March
  • Euroland Flash PMI and German Ifo for April
  • More Q1 Earnings reports - focus on financials
  • Riksbank monetary policy meeting