Allan von Mehren
Danske Bank A/S
Market Movers ahead
Cyprus will be the main market mover next week – Tuesday appears to be the deadline f or reaching an agreement
The ECB is expected to stay on hold but weak data has increased the chances of a rate cut
In the US we expect another solid labour market report for March
The Bank of Japan is expected to deliver another round of aggressive easing with new Governor Kuroda at the helm
In China the NBS manufacturing PMI is also expected to rebound markedly
Global Update
Insignificant Cyprus rocks the boat
Weak PMIs signal that the euro area remains in recession
The Fed maintains dovish message despite stronger data
In China rebounding HSBC PMI suggests the recovery has not lost steam
More policy flexibility for BoE but inflation target maintained
Focus
Danske Bank has published new economic forecasts in Global Scenarios: US take-off to drive global recovery and Nordic Outlook - March 2013
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