According to Danske Bank analysts, in the euro area, focus today is on the final March HICP figures, which will reveal how much of the fall in core inflation to 0.8% was driven by seasonal effects related to the timing of Easter and which will likely reverse in April.
“Markets will also keep an eye on Italy today, where Finance Minister Tria will speak about the outlook before Parliament's Budget Committee. Yesterday, we already saw Italian yields coming under pressure on the back of negative headlines on the budget outlook.”
“In the UK, data will likely show inflation remaining close to 2% in March amid a continued strong labour market, as yesterday's figures showed. Both Bank of England Governor Carney and Bank of France Governor Villeroy de Galhau are due to speak in Paris.”
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