European investor confidence drops to -14.7 from -8.2 in March, according to Sentix. Its gauge of expectations declines to -9.3 from -2.3. It's the first tumble for the survey in 4 months as a bit of reality intrudes on the sugar high from the ECB's LTRO.
French manufacturing output slides 1.2% in February after a revised drop of 0.1% in January. Overall industrial production increased 0.3% as brutal temperatures increased fuel consumption. Separately, the Bank of France says the economy posted no growth in Q1 after expanding just 0.2% in Q4. Paris -1.6%
French manufacturing output slides 1.2% in February after a revised drop of 0.1% in January. Overall industrial production increased 0.3% as brutal temperatures increased fuel consumption. Separately, the Bank of France says the economy posted no growth in Q1 after expanding just 0.2% in Q4. Paris -1.6%
Spanish bond prices continue to tumble after the 4-day Easter break, the yield on the 10-year note +17 bps to 5.93%, the highest level since early December. The 2-year yield +21 bps to 3.19%, even with the ECB offering banks near-free funding for 3 years to hold it. Banco Santander (STD) -3.9% premarket. Madrid -1.4%
Germany's trade surplus fell in February, with an unexpected jump in exports (+1.6%) but an even stronger rise in imports (+3.9%). Non-eurozone countries, primarily the U.S., U.K. and China, are currently the main drivers of Germany's export growth
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