Another day with few releases of interest on the global scene. French industrial production is expected to rise moderately by 0.2% m/m in February underlining a slow French recovery. Italian industrial production is expected to decline 0.5% m/m in February following a rise of 1.0% m/m in January.
The Bank of England meeting will likely be a non-event. There will most likely be no changes to policy and not even a statement to chew on.
US initial jobless claims will give further input to how the US is recovering in Q2. The trend has been fairly positive over the past month, as claims have gone lower following the increase in the first months of 2014. Consensus is for a decline to 320k from 326k last week.
The ECB publishes its monthly report today. Furthermore, chief economist and executive board member Peter Praet speaks in Washington.
Greece is expected to come to the market today, launching its first sovereign bond issue in almost four years. The pricing will be closely followed.
In Scandinavia, inflation data are due.
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