Eurozone Macro Daily(Beta Mode)
Fuel Prices Surge, ECB Cautions Markets
Market Snapshot
| Asset | Level | Change |
|---|---|---|
| Euro Stoxx 50 | 5,692.86 | -0.70% |
| DAX | 22,680.04 | +0.52% |
| CAC 40 | 7,962.39 | -0.24% |
| EUR/USD | 1.15 | -0.12% |
| EUR/GBP | 0.87 | +0.12% |
| EUR/JPY | 183.88 | -0.10% |
| Gold | 4,677.80 | +0.57% |
| Brent Crude | 109.71 | +0.62% |
| Bitcoin | 69,124.96 | +2.73% |
| German 2Y Bund | - | - |
| German 10Y Bund | 2.81% | -0.27% |
Prior Economic Events
| Data | Prior | Cons | Actual |
|---|---|---|---|
| No events available | |||
Brent Crude Oil Price | Type: macro_line | Brent Price (USD/Barrel): 121.9 (2026-03-30) | Range: 59.93–133.2 | Trend(5pt): 61.86,110.5,89.83,76.14,121.9
Today's Economic Events
| Data | Prior | Cons | Time |
|---|---|---|---|
| Unemployment Level Change | 3,584 | 10.30 | 03:00 |
| S&P Global Services PMI | 51.90 | 50.50 | 03:15 |
| S&P Global Services PMI | 52.30 | - | 03:45 |
| Factory Orders Month-over-Month | -11.10 | 5.50 | 02:00 |
| Trade Balance | -1,800m | 2,300m | 02:45 |
| Trade Balance | 21,200m | 19,100m | 02:00 |
| Exports Month-over-Month | -2.30 | - | 02:00 |
| Industrial Production Month-over-Month | -0.50 | 0.20 | 02:00 |
| Industrial Production Month-over-Month | -0.60 | 0.40 | 04:00 |
- Eurozone markets mixed as energy costs spike from Iran conflict, German diesel at record 2.327 euros per liter.
- ECB's Villeroy warns of misreading signals, reassessing rate hike timelines.
- Germany pushes EU windfall taxes on energy firms amid soaring profits.
Yesterday's Recap
Eurozone equities diverged yesterday, with the Euro Stoxx 50 falling 0.70% to 5,692.86 on risk-off sentiment from rising energy prices. Germany's DAX rose 0.52% to 22,680.04, buoyed by defense and export optimism despite no major data. France's CAC 40 dipped 0.24% to 7,962.39, hit by energy concerns on blue-chips.
EUR/USD eased 0.12% to 1.15 on dollar strength; EUR/GBP rose 0.12% to 0.87; EUR/JPY fell 0.10% to 183.88. German 10-year Bund yields dropped 0.27% to 2.81%, reflecting safe-haven bids amid geopolitics. Brent crude gained 0.62% to 109.71, fueling inflation worries.
No key Eurozone data released, but sentiment swayed by German diesel record at 2.327 euros per liter from Iran war fallout.
The Day Ahead
Focus on Spain's unemployment level change at 03:00 ET, consensus 10.3 thousand after previous 3,584 thousand, testing labor strength amid energy strains. Germany's factory orders MoM at 02:00 ET forecast at 5.5% following -11.1%, eyeing manufacturing rebound. France's trade balance at 02:45 ET expected at 2.3 billion euros, up from -1.8 billion, gauging export health.
Germany's trade balance at 02:00 ET consensus 19.1 billion euros after 21.2 billion, with exports MoM lacking forecast post -2.3%. German industrial production MoM at 02:00 ET seen at 0.2% after -0.5%. Italy's industrial production MoM at 04:00 ET projected at 0.4% following -0.6%.
Spain's S&P Global Services PMI at 03:15 ET consensus 50.5 after 51.9; Italy's at 03:45 ET without consensus post 52.3. These releases could shape recovery views.
Other Economic Notes
Fuel prices surge Europe-wide from US-Israeli war on Iran, with Germany urging EU windfall taxes on energy firms reaping profits. Vice-Chancellor Klingbeil calls for action to curb costs. Defense gains traction in Germany and France, with FCAS fighter jet disputes highlighting sovereignty efforts; mediators aim to salvage the project worth billions.
EU flags fiscal risks in Italy and France, pushing deficit cuts that may limit growth. Germany's aid to rebuild Syria signals stability push, potentially aiding trade. Broader themes include aviation shifts, with Western carriers gaining from Middle East disruptions.
