INFORMATION WINDOW (European data, US PCE inflation.)
9:55 - Germany, unemployment for April. Expected: 5.6%. Previous: 5.6%
10:00 - Italy, GDP report for Q1 2023. Expected: 0.2% QoQ. Previous: -0.1% QoQ
10:00 - Germany, GDPreport for Q1 2023. Expected: 0.2% QoQ. Previous: -0.4% QoQ
11:00 - Eurozone, GDP report for Q1 2023. Expected: 0.2% QoQ. Previous: 0.0% QoQ
14:00 - Germany, CPI...
Read more
$FRC Bank admitted that it suffered intense deposit outflows of $100 billion during the SVB-induced turmoil and came close to collapse. Even worse and more troubling, management refused to take and answer analysts' questions during the earnings call. Shares of First Republic Bank are trading more than 40% lower today as troubling media reports about the company continue to...
Read more
US durable goods orders, higher than expected
Actual: 3.2% m/m. Expected: 0.8% m/m. Previous: -1.0% m/m
Durable 0.3% m/m. Expected: -0.2% m/m. Previous: -0.1% m/m
SHORT INFORMATION WINDOW
USA, GDP report for the first quarter.
GDP growth (annualized). Actual: 1.1%. Expected: 2.0%. Previous: 2.6%
Core PCE. Actual: 4.9% QoQ. Expected: 4.7% QoQ. Previous: 4.4% QoQ
US initial jobless claims. Actual: 230k. Expected: 249k. Previous: 245k.
US100 index loses, while the dollar strengthens slightly.
SHORT REPORT FROM THE BANKING SECTOR
$DB Deutsche Bank, Germany's largest bank, reported a 5% y/y growth in revenues to EUR 7.7bn (expected EUR 7.5bn) and a net profit of EUR 1.3bn (+9% y/y; expected EUR 1.0bn) for the first quarter of the year. At the same time, management reaffirmed its full-year revenue guidance, raised its planned savings by EUR 500mn and said it is on track...
Read more
I'm looking forward to the data, but I don't really know yet how individual macroeconomic data affects the market.