-
European equity markets trade marginally lower. US stock markets even opened up to 0.5% in the red. General Electric's results slightly beat expectations, but they cut the outlook as the sluggish economy crimps industrial demand.
-
Britain is on course to borrow billions of pounds more than planned this year, leaving Chancellor of the Exchequer Philip Hammond little room for generosity as he prepares new budget plans to help the economy cope with Brexit.
-
Long‐term euro zone inflation projections remain well anchored near the European Central Bank's target, but GDP growth will be weaker than earlier thought, the ECB's Survey of Professional Forecasters showed.
-
Italian Prime Minister Matteo Renzi said he would not change his 2017 budget plan even if the European Commission says it breaches EU rules on fiscal consolidation.
-
A new cigarette king is in the making. British American Tobacco offered to buy the 58% in Reynolds American it doesn't already own for $56.50 a share, 20% over yesterday's close but only just above this year's peak. The deal would create the largest publicly traded tobacco company, surpassing Altria, bringing Camels and Lucky Strikes under one roof and underscoring the industry's consolidation as smoking rates in the developed world decline.
-
Tonight, rating agency DBRS decides on Portugal's BBB‐ rating. On Sunday, Spanish Socialists vote on whether or not to abstain when PM Rajoy makes a new minority government bid.
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 steady below 1.0800 after US PCE meets expectations
EUR/USD remains depressed below 1.0800 after soft French inflation data, amid minimal volatility and thin liquidity on Good Friday. The pair barely reacted to US PCE inflation data, with the Greenback shedding some pips. Fed Chair Jerome Powell set to speak ahead of the weekly close.
GBP/USD hovers around 1.2620 in dull trading
GBP/USD trades sideways above 1.2600 amid a widespread holiday restraining action across financial markets. Investors took a long weekend ahead of critical United States employment data next week. Fed Chair Powell coming up next.
Gold price sits at all-time highs above $2,230
Gold price holds near a fresh all-time high at $2,236 in thinned trading amid the Easter Holiday. Most major world markets remain closed, although the United States published core PCE inflation, the Federal Reserve’s favorite inflation gauge.
Jito price could hit $6 as JTO coils up inside this bullish pattern
Jito (JTO) price has been on an uptrend since forming a local bottom in early January. Since then, JTO has revisited the key swing point formed in early December, suggesting the bulls’ intention to move higher.
Key events in developed markets next week
Next week, the main focus will be inflation and the labour market in the Eurozone. We expect services inflation to be impacted by the easter effect, while the unemployment rate to be unchanged.