The week ahead

The week kicks off with a special one on one bailout session between Greece and Germany. The re negation of the package could bring some renewed volatility to what has been a stellar run for the European markets of late. March PMI data for the eurozone is to be released on Tuesday with the market widely expecting a figure of 51.1 with anything over 50 indicating growth in the region. Germanys individual PMI is predicted to be in the 55 region which indicates continued growth in the leading eurozone economy. Inflation results for the UK and US will be released on the same day with expected reverberations through the markets as investors with a risk off attitude wait to see how this figure will affect the FED’s rate rise. Market sentiment is that the US economy dipped into deflation territory in in February with the UK faring slightly better with inflation expectations at 0.1%. Finally Japanese inflation and unemployment figures are released on Thursday with market predictions for JPY inflation holding at 2.1%.