Market Talk – Friday, April 9

Hong Kong:

Foreign Reserves (USD) (Mar) decreased from 495.70B to 491.30B

EUROPE/EMEA:

Britain’s construction sector has had its sharpest pick-up in activity since 2014 amid signs that the domestic economy is recovering more quickly than Brexit- and pandemic-affected trade flows, new figures have shown. The latest snapshot of the construction sector, which accounts for around 6% of total UK output, pointed to an across-the-board increase in March, with house-building, commercial projects, and infrastructure work all displaying strong growth.

The major European stock markets had a mixed day:

  • CAC 40 increased 3.69 points or 0.06% to 6,169.41
  • FTSE 100 decreased 26.47 points or -0.38% to 6,915.75
  • DAX 30 increased 31.48 points or 0.21% to 15,234.16

The major Europe currency markets had a mixed day today:

  • EURUSD decreased 0.00071 or -0.06% to 1.19082
  • GBPUSD decreased 0.00025 or -0.02% to 1.37316
  • USDCHF increased 0.00033 or 0.04% to 0.92451

Some economic news from Europe today:

Swiss:

Unemployment Rate n.s.a. (Mar) decreased from 3.6% to 3.4%

Unemployment Rate s.a. (Mar) decreased from 3.4% to 3.3%

Germany:

Gemran Current Account Balance n.s.a (Feb) increased from 17.6B to 18.8B

German Exports (MoM) (Feb) decreased from 1.6% to 0.9%

German Imports (MoM) (Feb) increased from -3.5% to 3.6%

German Industrial Production (MoM) (Feb) increased from -2.0% to -1.6%

German Trade Balance (Feb) decreased from 21.2B to 19.1B

Norway:

Core CPI YTD (Mar) remain the same at 2.7%

Core Inflation (MoM) (Mar) decreased from 0.4% to 0.3%

CPI (YoY) (Mar) decreased from 3.3% to 3.1%

CPI (MoM) (Mar) decreased from 0.7% to -0.3%

PPI (YoY) (Mar) increased from 9.7% to 18.4%

France:

French Industrial Production (MoM) (Feb) decreased from 3.2% to -4.7%

French Reserve Assets Total (Mar) decreased from 183,152.0M to 182.839.0M

Spain:

Spanish Industrial Production (YoY) (Feb) increased from -2.3% to -2.1%

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