020 7898 0500Inflation across the eurozone rose by 1.5% in August from 1.3% in July. This is still below the ECB’s 2% target, but represents a move in the “right” direction. The main piece of data from the eurozone today is the release of the German ZEW Economic Sentiment Index.
It is a survey of up to 300 experts from banks, insurance companies and financial departments from organisations who are asked for their expectations on a range of topics regarding the economy and, as such, is seen as a key piece of data.
If the sentiments expressed are positive, we could see some strengthening of the euro, particularly as it is quiet in the UK and US until tomorrow.
