Several appointments and data that will mark the pace on the markets over the next week. In particular, in Europe the focus will be on the preliminary reading of March inflation in the euro area due out on Friday, expected to accelerate to 6.6% for the eighth consecutive month (consensus Bloomberg). “We will already have some indications in the two previous days when the data on the individual countries will be published (Wednesday Spain and Germany, Thursday France and Italy)”, underline the strategists of Mps Capital Services. Attention also to Chinese manufacturers (on Thursday the official one and Friday the one measured by Caixin), but also on the usual monthly update on the data on the American labor market (to be released as usual on the first Friday of the month).
On the commodity front, especially oil, on Thursday the OPEC + meeting will be on the agenda, which will decide on oil production in May. The market expects a further increase of 400,000 b / d, although some members recently spoke out in favor of an acceleration of the production rate). The week ends with Moody’s updating the rating for Italy, a front from which no revisions are expected.