LOOK AHEAD: Eurozone Timeline of Key Events (Times BST)
May-24 05:18
| Date | Time | Country | Event |
| 24-May | 0900 | DE | IFO Business Climate Index |
| 24-May | 1400 | BE | BNB Business Sentiment |
| 24-May | 1845 | EU | ECB Lagarde Opens Anniversary of ECB Event |
| 25-May | 0700 | DE | GDP (f) / GfK Consumer Climate |
| 25-May | 0745 | FR | Manufacturing Sentiment |
| 25-May | 0800 | ES | PPI |
| 25-May | 1000 | EU | ECB de Guindos Presents ECB Annual Report 2022 |
| 26-May | 0745 | FR | Consumer Sentiment |
| 26-May | 0840 | EU | ECB Lane Panels Dubrovnik Econ Conference |
| 26-May | 0900 | IT | ISTAT Business / Consumer Confidence |
| 30-May | 0800 | ES | HICP (p) |
| 30-May | 0900 | EU | M3 |
| 30-May | 0900 | IT | PPI |
| 30-May | 1000 | EU | EZ Economic Sentiment Indicator |
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LOOK AHEAD: Eurozone Timeline of Key Events (Times BST)
Apr-24 05:18
| Date | Time | Country | Event |
| 24-Apr | 0900 | DE | IFO Business Climate Index |
| 24-Apr | 1000 | EU | ECB Panetta Panels Event by Bruegel Think Tank |
| 24-Apr | 1400 | BE | BNB Business Sentiment |
| 24-Apr | 1430 | EU | ECB Panetta Into at ECON Hearing on Digital Euro |
| 25-Apr | 0800 | ES | PPI |
| 25-Apr | 0900 | EU | ECB Supervisory Board Chair Andrea Enria and MNI event |
| 26-Apr | 0700 | DE | GFK Consumer Climate |
| 26-Apr | 0745 | FR | Consumer Sentiment |
| 26-Apr | 1300 | EU | ECB de Guindos Panels Delphi Economic Forum |
| 27-Apr | 0900 | IT | ISTAT Business / Consumer Confidence |
| 27-Apr | 1000 | EU | EZ Economic Sentiment Indicator |
| 27-Apr | 1715 | EU | ECB Panetta at EACB Board Meeting |
EUROSTOXX50 TECHS: (M3) Trading Closer To Its Recent Highs
Apr-24 05:14
- RES 4: 4520.00 High June 2001 (cont)
- RES 3: 4403.50 High Nov 18 2021 (cont) and a major resistance
- RES 2: 4381.50 High Jan 5 2022 (cont)
- RES 1: 4363.00 High Apr 21
- PRICE: 4348.00 @ 05:55 BST Apr 23
- SUP 1: 4309.00 Low Apr 17
- SUP 2: 4266.00 20-day EMA
- SUP 3: 4190.70 50-day EMA
- SUP 4: 4095.00 Low Mar 28
The Eurostoxx 50 futures uptrend remains intact and the contract is trading closer to its recent highs. The recent extension higher has reinforced the bullish significance of the break of 4268.00, Mar 6 high and a former key resistance. The move confirmed a resumption of the uptrend and maintains the price sequence of higher highs and higher lows. Sights are on 4381.50, Jan 5 2022 high (cont). Initial firm support lies at 4266.00, the 20-day EMA.
US TSYS: A Touch Firmer As Chinese & HK Equities Struggle
Apr-24 05:10
Tsys have firmed at the margins in Asia-Pac hours, with TYM3 last +0-03 at 114-18, at the top of its narrow 0-03+ range, on light volume of ~41K. Cash Tsys run 1-2bp richer across the curve, with the intermediate zone outperforming.
- Tsys looked to weakness in Chinese & HK equities (centred on continued worry re: U.S. actions against the tech sector) and BoJ governor Ueda pointing to no imminent change in the Bank’s YCC settings for support.
- E-minis are lower in sympathy with Chinese tech equities, shedding 0.3-0.4%.
- Hawkish rhetoric from ECB’s Wunsch did little to impact the space, given his historical leaning and recent run of such comments.
- A quick reminder that the Fed is now in its pre-FOMC blackout period. Governor Cook offered the final round of Fedspeak ahead of the weekend, but was non-committal re: the May meeting, going over well-trodden areas of debate (banking stress, credit tightening, broad-based inflation and a resilient economy), pointing to a bumpy road when it comes to bringing inflation back down to target.
- Sellers of FVM3 108.00 puts provided the highlight on the flow side overnight, but those particular screen-based flows were comfortably under 10K on the volume side.
- The latest Ifo survey out of Germany and several rounds of ECB speak headline the European docket today. Meanwhile, activity indicators from the Chicago & Dallas Feds provide the highlight of the U.S. data slate.
