- Stocks stumble as US stocks appear elevated
- Eurozone data paints mixed picture for Draghi
- Market likely to be hesitant ahead of high event risk
A mixed bag for Eurozone data has seen both economic growth and unemployment improve in the face of tumbling inflation. This really highlights the difficult position the ECB committee members find themselves in, where the lack of price growth once more heightens monetary policy expectations despite clear economic improvements.
As we close out April, many will be closing out positions ahead of a long weekend in the UK. The increased event risk associated with the first week of the month once more will be front and centre of market considerations, as we approach yet another US jobs report, due on Friday. It is clear the hesitancy and indecision evident within the past week could once more come to the fore given the existence of numerous high volatility data points.
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