Will Eurozone data stray from expectations?

Yesterday saw a busy start to the week within the Eurozone. Purchasing Managers’ Index (PMI) data from Finland, France, Germany and the bloc as a whole were released. German and Eurozone PMI figures showed growth in the manufacturing and services sectors, in what were viewed as a strong set of figures. The Markit Composite PMI also showed better-than-expected growth. Finish imports and exports data, combined with German and French bond sales, completed the day in terms of data. The euro fell slightly against sterling, and – despite a midday rally – closed as it opened against the dollar.

Today sees another relatively busy day for the bloc, with low-impact data from Finland, France, Spain and Italy. Germany will again be the focus of investors, with Ifo business climate data (which is expected to remain the same) and the country’s business expectations and current assessment data due. Any results straying from the expected figures coming from Europe’s biggest market could cause volatility within euro markets.