A look at the day ahead in European and global markets from Vidya Ranganathan.
a widely anticipated hawkish quarter-point rate rise from the European Central Bank, and is off its one-year highs. While ECB President Christine Lagarde was clear more tightening will come, markets are paring back their expectations for further rate rises .
Preoccupied with the ECB and tightening credit conditions in the region, investors are likely to riffle over a bunch of delayed March indicators in Germany - chiefly industrial orders and consumer goods, both of which have been volatile. In the background, there's also evidence that travellers from a reopened China flocked to Europe during their May Day break early this week.
Their luxury shopping has played no mean part in Europe's economies. An index of European luxury retailers
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