Euro-watchers will be on standby for this week’s eurozone inflation rate. Markets have forecast the rate to edge down gently from 10.6% to 10.3% in Wednesday’s release.
Even if the rate does fall as predicted, eurozone inflation would still be well above the Central Bank’s target of 2.0 percent. This is against a backdrop of already surging energy prices and euro weakness.
Other key releases this week include Germany’s balance of trade on Wednesday and Italy’s unemployment data on Thursday.