Danske Daily - 24 April 2017
Danske Markets | Apr 24, 2017 05:10AM ET
Attention during the first hours of trading will be on the market digesting the outcome of the first round of the French presidential election which was held yesterday. See below in 'Selected market news'.
In terms of data releases, German ifo expectations are published. The figure is at a high level, pointing to strong GDP growth in Germany. The latest move higher reflects primarily better expectations for the manufacturing sector after a couple of years where these expectations moved broadly sideways. Looking ahead, we believe the overall expectations are likely to move lower, as it is hard to continue to expect a further improvement following a period of good news.
In the US, FOMC member Kashkari (voter, dovish) speaks tonight. Market participants will listen carefully for any hints or details on quantitative tightening.
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