In the second week of April, investors will focus on the ECB meeting on Thursday in addition to the publication of new US inflation data. There could also be repeated monetary policy stimuli from Fed representatives.
DAX 40 Chart
Source: Tradingview
Rise in production in Germany only provides a brief revival - interest rate worries catch up with investors again
After the German benchmark index started the week on a high note in view of a surprising rise in production in the Federal Republic of Germany, investors were once again deterred from investing on Tuesday by interest rate concerns.
Ahead of the potentially trend-setting US price data, investors preferred to play it safe in the run-up to the event and tended to handle shares with pointed fingers.
Core rate of US inflation could ease - Fed minutes in view
Today, Wednesday, investors are likely to pay particular attention to the development of US inflation data (14:30). According to economists, the core rate of inflation in the world's largest economy may have risen by 3.7% year-on-year in February after 3.8% in February.
This data is regarded by the US Federal Reserve (Fed) as the preferred measure of inflation and therefore implies a high level of importance.
Speeches by Bowman (2:45 pm) and Goolsbee (6:45 pm) could move before the release of the Fed minutes (8:00 pm).
ECB likely to keep its feet still - German inflation data rounds off the trading week
Thursday should be dominated by the ECB's key interest rate decision (14:15). The subsequent ECB press conference with President Christine Lagarde will also be worth keeping an eye on (14:45). In between, the publication of new US producer prices is likely to take center stage (14:30). This data is also seen as an important guide to future inflation trends. A month-on-month increase of 0.3 percent is expected, following 0.6 percent in February.
Friday will be rounded off by the final inflation data for the Federal Republic of Germany (08:00). Experts expect an increase of 2.2% after 2.5% in the previous month (year-on-year comparison).
In the afternoon, there could be further impetus from consumer confidence (Michigan) at 16:00. Two speeches by Bostic (20:30) and Daly (21:30) are also worth keeping an eye on.
