Eurozone data on Monday showed that sentiment among investors and analysts had improved slightly in May, but concerns over the outlook for the global economy meant the single currency was fairly unaffected throughout the day. German manufacturing orders came out far better than anticipated early in the morning, at 1.9%, up from -1.2% in March, but little movement was seen for the euro on the back of this usually important piece of data.
This morning there is more data from Germany. This time it is industrial production data, which is expected to increase slightly from -0.5% up to -0.3%.
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