German factory orders and Eurogroup meeting in focus – Danske Bank

By FXStreet Research Team at Danske Bank, suggests that the German factory orders for March are expected to have risen moderately.

Key Quotes

“As the improved economic activity in the US and China should be supportive for Germany’s foreign orders. Looking ahead, uncertainty about a potential Brexit is likely to be a headwind.

Euro area Sentix investor confidence will give the first signal about sentiment in May. We look for an improvement in investor confidence after it has been broadly unchanged over the past three months. This will be in line with the bottom seen in other sentiment indicators.

In the euro area, an extraordinary Eurogroup meeting about Greece will attract attention. Greece has approved pension and tax reforms but the first review of the EU-IMF bailout needs to be completed to unlock additional financial assistance, which Greece needs to pay the ECB in July. The IMF demands a Greek debt relief for a new agreement and this will also be discussed at todays Eurogroup meeting.”
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Source:: FX Street