020 7898 0500It wasn’t a great start to the shortened week for the eurozone yesterday, as Italy appears to be in something of a crisis. The failure to form a coalition suggests there could be fresh elections later this year and Moody’s reported that Italy’s credit rating could be downgraded. There is even speculation that Italy could effectively vote to leave the euro which won’t be great news for all parties. It is certainly a situation to keep our eyes on.
Today we’ll see April’s retail sales and May’s unemployment and inflation rate from Germany, which will provide fascinating insight into how the eurozone’s largest economy is performing.
We will also see a raft of data from the eurozone, including business confidence, consumer confidence, services sentiment, economic sentiment and industrial sentiment. We could see some euro volatility throughout tomorrow, depending on what the releases appear to show of course.
