020 7898 0500This week starts with smaller data releases. We’ll have French bond data and European Consumer Confidence today.
The German, French and European purchasing managers’ indices (released for the manufacturing and services sector as well as a composite index) are probably the most important data releases of the week, due for release tomorrow.
On Wednesday the German IFO business climate will come out, which is widely watched by investors. Germany will also announce its current and business assessments.
The GfK Consumer Climate follows on Thursday, also measuring the German economy, and important, although slightly less respected than the IFO measure.
Friday will see a surprisingly busy close to the week but it’s going to be quantity over quality in terms of the significance of the data released. Spain, Italy, Ireland and the bloc as a whole will all release data, with the French job seekers total probably the only figure of note.
