European Bond Market Preview 3/20

Discussion in 'Trading' started by TradeTheNews, Mar 20, 2007.

  1. TradeTheNews

    TradeTheNews ET Sponsor

    - European government bonds closed lower in yesterday’s session as stock markets rebounded around the world.
    - German Finance Minister Steinbrueck said yesterday that he sees a high probability of stronger German growth, noting that the European economy is “very good”.
    - The ECB’s Liebscher reiterated yesterday that the ECB has not pre-commitment on interest rates. Liebscher said that the ECB will do what is necessary to tame price pressures.
    - In focus today will be the release of German producer prices for the month of February. Producer prices are expected to rise to 0.3% m/m from 0.0% in January, however, producer prices are expected to fall to 2.8% in February from 3.2% in January. Producer prices are due out at 3:00 ET. Additional focus will fall on comments from the ECB’s Liikanen who is scheduled to speak at 5:00 ET.
    - Similarly in the UK, gilts closed lower in yesterday’s session following developments elsewhere as stock markets rebounded.
    - In focus today will be the release of CPI and RPI data for the month of February, as well as preliminary M4 money supply, both of which are due out at 5:30 ET.