The euro remains weak as the pound and dollar stay strong and Europe’s vaccine rollout trails behind the UK and US, creating worries of extended lockdowns.
Retail sales in the eurozone outperformed market expectations, rising 2% from December. Consumer confidence data for Spain will be released later this morning and is expected to fall.
In Italy, the former president of the European Central Bank Mario Draghi has come out of retirement to form a new Italian government and attempt to rebuild Europe’s economy.
