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USDCAD TECHS

Stronger In a Range

AUDUSD TECHS

Weaker In A Range

US TSYS SUMMARY

Ending The Week On A Soft Note

EURJPY TECHS

Bearish Risk Growing

USDJPY TECHS

Stronger, But Still Vulnerable

US

SP500 PE Ratio vs. CPI Inflation

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EZ MAR IND PROD +0.1% M/M, +10.9% Y/Y; FEB -1.2% M/M


  • EZ IP ticked up in Mar, rising by 0.1%, but falling short of market expectations (BBG: +0.7%)
  • Feb's reading was revised down from -1.0% to -1.2%.
  • Non-durable consumer and intermediate goods output rebounded in Mar, increasing by 1.9% and 0.6%, respectively, after recording a decline in the previous month.
  • Similarly, energy output rose by 1.2%, following Feb's 1.6% drop.
  • While durable consumer goods production was unchanged at -1.2% in Mar, capital goods output fell at a slower pace of 1.2%.
  • Annual output jumped to 10.9% in Mar, reflecting the sharp decline seen in Mar 2020 (-13.5%) and showing the highest growth rate on record.
  • Among the member states, Lithuania (+4.5%), the Netherlands (+2.9%) and Greece (+2.2%) saw the largest gains, while Luxembourg (-4.4%), Belgium (-4.0%) and Ireland (-2.0%) recorded the biggest declines.
  • The highest annual growth rates were recorded by Italy (+37.7%), Slovakia (+24.5%) and Lithuania (+14.6%), while the only y/y decline was seen in Malta (-2.8%).

Source: Eurostat