- Defense cuts blamed for negative print
- Core PCE up 0.9%, as expected
- For the full year 2012, US GDP grew 2.2%
US yields are falling, back below 2%, now at 1.99%. USD/JPY is seeing a shake-out as a result, now at 91.5 after slipping as low as 90.77.
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US GDP falls 0.1% in Q4
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- FT: Trump is pushing for 15 – 20% minimum tariff on all EU goods. EURUSD moves lower.
- Spain Q1 preliminary GDP +0.6% vs +0.5% q/q expected
- French inflation continues to pick up in April to highest since July last year
- What are the main events for today?
- FX option expiries for 30 April 10am New York cut
- Germany March retail sales -2.0% vs -0.1% m/m expected
- Germany March import prices +3.6% vs +3.0% m/m expected
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