020 7898 0500The only release of note from the eurozone on Friday was the German balance of trade report, which showed that the trade surplus now stands at €20.4 billion, a significant reduction from April’s €24.7 billion and March’s €27.8 billion. Is the Trump trade war beginning to hurt the worlds greatest exporter?
Today is a quiet start for the eurozone, but tomorrow we’ll see the ZEW economic sentiment index for Germany and the eurozone. The German release is expected to decline even further from -8.2 to -13 and we could see some euro weakness if that proves to be the case.
On Wednesday we’ll see the eurozone’s employment change and industrial production figures, before the ECB’s interest rate decision on Thursday. The subsequent press conference could provide some fascinating insight into future economic policy.
