From Eurozone, yesterday, German PPI data was published. In March 2016 the index of German producer prices for industrial products fell by 3.1% compared with the corresponding month of the preceding year. In February 2016 the annual rate of change all over had been –3.0%. In March 2016 energy prices decreased by 9.2% compared with March 2015, prices of intermediate goods by 2.3% and prices of non-durable consumer goods by 0.3%. Compared with the preceding month the overall index remained unchanged in March 2016 (–0.5% in February and –0.7% in January 2016). Analysts were predicting 0.2% increase.
In the US session
Existing Home Sales figures were released. Bolstered by big gains in the Northeast and Midwest, existing-home sales bounced back in March and remained slightly up from a year ago, according to the National Association of Realtors.
Total existing-home sales jumped 5.1% to a seasonally adjusted annual rate of 5.33 million in March from a downwardly revised 5.07 million in February. Sales rose in all four major regions last month and are up modestly from March 2015.
Focus of tomorrow's session will be on ECB rate decision and the following Press Conference. Though no rate change is expected following conference should bring a lot of volatility to the markets. In the US session Unemployment Claims and Philly Fed Manufacturing Index figures will be released. Analysts predict increase to 265,00 in Unemployment Claims and fall to 8.1 points in Philly Fed Manufacturing Index.
Figures to watch:
Minimum Bid Rate/ECB Press Conference (Thursday 14:30)
Unemployment Claims (Thursday 14:30)
Philly Fed Manufacturing Index (Thursday 14:30)
