KBC Market Research Desk
KBC Bank
European shares took a breather today and are swinging between gains and losses in a session devoid of eco data or other news items. In the US, Equities opened slightly higher.
The ECB announced today that it settled €61.68B in public sector bond buying as of April 10, up from €52.52 billion in the previous week, which indicates that the ECB remains on track to reach a similar amount as last month.
Germany is not investing anywhere near enough and its public and private sector must boost spending to ensure the economy continues to grow and create jobs, a panel of experts said today in a report that will be presented to the government next week.
The Brent crude oil price extends its uptrend ($58.80/barrel), rising for a third consecutive session today and also the US benchmark, the WTI oil price, trades higher for a second straight day.
The Turkish lira hit fresh lows against the US dollar today as economic and political uncertainty continues to weigh on the currency. The lira dropped 0.8% against the dollar, extending last week’s losses.
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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