Morning Market Update – Mixed Reactions from Germany

BRC Like-For-Like Retail Sales (YoY) came in stronger than expected at 5.6% against the negative 1% boosted for pounds.

Japan Labor Cash Earnings (YoY) dipped from previous 0.4% to -0.4% in March Australia Retail Sales s.a. (MoM) came in at -0.1% below forecasts (0.3%) in March, while retails sales ex-inflation q/q came in at 0.1% versus 0.50% expected.

Moving on for the day with have the Swiss Unemployment Rate s.a (MoM) which remains to retain the 3.3% zone and should not be of major impact to the market.

Germany have some mixed reactions for the day with majority being on the negative side the only positive signal coming for them in the form of Imports, with exports and Trade Balance showing negative should be tough day for the Germany.

Aussie which has run into some trouble during the early session will be looking forward for any better sign from Budget Release and to hold the fall they have been taking for the day.

Canadian are looking with more positive results been seen through Building Permits which are focused to be at a huge 5.5% as against negative 2.5% in the previous release.
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