Despite the stateside turmoil with Donald Trump’s internal Obamacare frustrations the dollar managed some recovery overnight, despite falling to a 10-month low yesterday. Close to 7am the euro had been forced down to $1.1532 compared to $1.1557 earlier and $1.1580 on Tuesday. The pound was trading at $1.3038 this morning.
Markets will be watching closely for policy cues as Thursday’s ECB meeting hoves into view. Much scrutiny on exit routes from the ECB's quantitative easing program as euro-area banks have to plan their own monetary programs.
Some concern on data confidentiality from the Office of National Statistics. Yesterday the pound fell sharply just before the release of the ONS’ consumer prices report. Did some traders know about the information before? More on this from the Times.
- UK FTSE 100 7,390.22 -0.19%
- Dow 21,574.73 -0.25%
- S&P 500 2,460.61 +0.06%
- Nasdaq 6,344.31 +0.47%
- Nikkei 225 20,003.80 +0.02%
- DAX 12,430.39 -1.25%
- CAC 40 5,173.27 -1.09%
- Gold 1,240.50 -0.11%
- Oil WTI 46.29 -0.24%
Wizz profits climb
We start with Wizz Air. The Budapest-based airline claims Q1 profits have surged to €58m, a 50% hike while passenger numbers have pushed 25% ahead to 7.2m. Wizz says it experienced particularly strong performance from Easter traffic in the first quarter.
“Our ultra-low cost base allows us to offer the lowest fares and that continues to stimulate the market for air travel in Central and Eastern Europe as economic growth in the region continues to push ahead of Western Europe.”
Ten new routes were announced in Q1 including new airports in Russia, Kazakhstan and Morocco, taking the network to more than 500 routes to-and-from 42 countries, Wizz says.