It was a mixed picture for data yesterday, with manufacturing PMI for the Eurozone narrowly beating expectations, while retail sales in Germany were disappointing.
The single currency continues to suffer from a disappointing supply of vaccines, although Covid infection rates are already falling in most of its major economies.
The busy week for data continued today with inflation in France, 0.8% up year-on-year, ahead of expectations, unemployment in Spain rising significantly but not as bad as expected, then we have GDP across the eurozone later this morning.
