020 7898 0500The only release of note in the eurozone yesterday was April’s German Gfk consumer confidence. It is fair to say that there has been rather a lot of economic data from the eurozone of late that has come in below expectations, but the trend was bucked as the indicator rose to 10.9 from 10.8 in March. The markets had been expecting a fall to 10.7.
Today we are staying with Germany, as we will see the unemployment rate for March and we will also see the inflation rate. Year-on-year, prices rose by 1.4% in February and it is expected that this figure will increase to 1.7% in March.
