A new week full of events and data is expected, the one that will officially open on April 25th. The European markets will awaken with the result of the second round of the presidential elections in France, which this Sunday sees the outgoing president Emmanuel Macron challenge as in 2017 Marine Le Pen.
The week will then be marked by the publication of preliminary data on GDP for the first quarter and inflation in the Eurozone. “On the growth front, a value similar to that of the previous quarter is expected, although particular attention will be paid to the German figure in light of the Bundesbank’s warning on the possibility of a contraction”, warn the strategists of Mps Capital Services. Also to be followed with particular attention are the preliminary data for April inflation in the Eurozone (to be released next Friday), which are expected to accelerate compared to the previous month. However, from Mps Capital Services they indicate that inflation may be below the consensus estimate of 7.5% this time around. The preliminary GDP data for the first quarter will also be published in the United States, which is expected to slow down significantly compared to the fourth quarter of 2021.