Eurozone data this week; will it boost the euro

After what must be considered a better than expected week for the euro, Greece will yet again be the star of the show this coming week, and certainly be number one on the agenda for members of the Eurozone on Friday. The country is again finding itself in new troubles, and needs to try and sort out a new bailout package with its lenders in order to keep the bailout agreement extended.

This week’s data releases includes Aprils Flash Purchasing Managers’ Indices for the Eurozone which are expected to show continued expansion as the economy continues to inch its way forward. In addition we have two sets of data measuring business sentiment/confidence in Germany. These will be very carefully scrutinized given the importance of Germany to the Eurozone economy.