ECB minutes and German factory orders in focus – Danske Bank

Research Team at Danske Bank points out that ECB minutes from its March meet and German factory orders will be the key economic releases for today’s session.

Key Quotes

“The ECB minutes from the March meeting will be scrutinised for any hints and discussions within the Governing Council of the ECB contemplating hiking rates before a termination of the QE programme. It is still our expectation that the ECB will not hike before the termination of the QE programme, which we expect to be extended into next year.”

“German factory orders for February are due out. Recent months have shown great volatility in factory orders, with the latest figure being a 7.2% monthly drop in January. We estimate a monthly increase of 4.2% following the weak January figure.”

“President Trump will start a two-day meeting with Chinese President Xi Jinping.”