Eurozone GDP and FOMC amongst market movers today – Danske Bank

Analysts at Danske Bank suggest that the main events today are the euro area preliminary first quarter GDP and the FOMC meeting.

Key Quotes

“At the May FOMC meeting, we expect the Fed to maintain the target range at 1.50-1.75%. We believe the Fed is unlikely to change its policy signal significantly. The expected June hike is almost already fully priced in.”

“After GDP growth beat expectations and showed growth of 0.7% q/q in the last three quarters of 2017 in the euro area, we expect a slowdown in Q1 18 to 0.4% q/q after some moderation, in particular in the latter part of the quarter. However, we are still in expansionary territory, expecting solid GDP growth throughout 2018.”