In focus today Today, Swedish Service PMIs for April are released at 8:30 CET. All its subindices were above the 50 marks in March. Although price index for raw materials and intermediate goods is lower compared to a year ago, it was still significantly higher compared to the manufacturing side. Composite PMI has been in […]
Markets EUR/GBP set a minor YTD low today at 0.8250. The move came as UK Gilts underperformed German Bunds. UK yields currently add 2.1 bps (2-yr) to 4.6 bps (30-yr) compared with German yields sliding by up to 3.9 bps at the front end of the curve. The euro remains in the defensive going into […]
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