Manufacturing PMIs amongst market movers today – Danske Bank

Analysts at Danske Bank suggests that the Final euro area PMI manufacturing indices and UK, Norway and Sweden PMI manufacturing indices are amongst the market moving economic releases for today’s session.

Key Quotes

“Emmanuel Macron is still leading comfortably in the opinion polls ahead of the second round of the French election and the market looks priced for his victory. Nevertheless, the market will continue to monitor whether Marine Le Pen can manage a last minute run.”

“Markets will keep a close watch should more details surface about a potential upcoming plan on US infrastructure spending and tax reform today.”

“The OPEC meeting is now only about three weeks away and the cartel is said to aim for consensus about a strategy on crude production before the meeting. The oil market in particular will monitor potential comments from OPEC today.”

“In Denmark, currency reserves data is due for publication today. The krone strengthened against the euro at the beginning of April but not to the same extent as in February and March, when it triggered intervention by the central bank. Therefore, Danmarks Nationalbank probably stayed on the sidelines in April.”