This week sees plentiful releases of data from the Eurozone. The week begins with German retail sales, and EU Consumer Price Index (CPI) and Flash CPI, combined with Italian CPI data. Tuesday sees a lapse in data, with France and Italy having a bank holiday and the rest of the bloc not seeing any significant releases.
Wednesday sees a pickup in data releases. Spain sees unemployment as well as manufacturing Purchasing Managers’ Index (PMI) data, although it is unlikely that the results of the recent end of political limbo in Spain will be seen in economic figures yet. German unemployment figures and final manufacturing PMI data from Italy and the bloc as a whole will also be released.
Thursday sees a European Central Bank (ECB) Economic Bulletin, and Italy and the EU again release information in tandem, with both entities seeing unemployment figures released. The week will finish with Italian and Spanish services PMI, with final services PMI figures released from France, Germany and the EU. Despite another busy week in the bloc, none of these data releases are high-impact. Therefore, it will probably take a cumulative run of data to have a significant effect on the euro.