(Tiper Stock Exchange) – The main European stock exchanges started the Easter weekend today, as they do not trade on Friday 7 April (Good Friday) and Monday 10 April (Easter Monday). Therefore, the lists of Paris (France), Frankfurt (Germany), Milan (Italy), London (United Kingdom), Madrid (Spain), Vienna (Austria), Brussels (Belgium), Amsterdam (Netherlands) are closed, only for mention the main ones.
No trading even on Wall Street, thus celebrating Good Friday as a red calendar day. Unlike Europe, however, the American Stock Exchange will be open on Monday 10 April.
In Asiathe Stock Exchanges of Hong Kong, Philippines, New Zealand, India, Singapore and Australia remained closed today, while there was no closure for the Chinese indices and for the Tokyo Stock Exchange (Japan).
Today in the Eurozone there are no relevant data on the agenda. The only indication came from France, where the current account deficit fell to French, as well as the trade balance deficit.
Yesterday, Philip Lane (ECB) he avoided expressing an orientation on the May meeting, reiterating that the outcome will be determined by the data. However, he admitted that if the March forecasts (formulated before the US banking crises) are confirmed by the next data, a rate hike on May 4 will be appropriate.
There next week in the euro area is expected poor in relevant economic data. According to analysts of Intesa Sanpaolo, Italian industrial production is expected to recover slightly in February after the drop in the first month of the year. Final inflation estimates for March in Germany and France should confirm the slowdown seen in the preliminary reading. For the entire Eurozone, February should see the second consecutive increase in industrial production but a drop in retail sales.