Euro remains under pressure as Eurozone economy is far from exit gates of recession and with growth rate slowing down even in Germany. Deflation concerns persist, with inflation at only 0.3%, far away from ECB 2% target despite all the monetary measures, which means that we could be seeing another round of additional monetary stimulus quite soon.
This week markets will be looking at:
Spanish Flash CPI (Tuesday 9:00)
M3 Money Supply (Tuesday 10:00)
Spanish Unemployment Change (Friday 9:00)
Spanish Manufacturing PMI (Friday 9:15)
Italian Manufacturing PMI (Friday 9:45)