020 7898 0500Yesterday saw a limited amount of mixed data coming out of the Eurozone. Finnish unemployment came out as expected, and European consumer confidence was more positive than forecast – however, still a negative figure. Spanish and German bond sales completed an uneventful trading session. The euro rose marginally against both the dollar and pound, but not enough to regain any of its recent losses.
Today sees an uptick in high-tier data. German Manufacturing and Services PMI figures will be released – France and the bloc as a whole will release their equivalent data too – which should be the main focus for investors in the Eurozone. German figures are expected to show a slight contraction compared to last months’ data, and if Europe’s biggest economy shows any more signs of faltering, the euro could show even more weakness – especially with several big banks calling for parity with the dollar. The day will be completed with a German bond sale.
