It is hoped that consumer related data out of the eurozone mid-week will show some signs of stabilising but of greater interest will be data out of the US where manufacturing data is likely to show a mild slowdown. Employment data, including the important US non-farm payrolls is out on Friday. The Bank of England’s Monetary Policy Committee will announce their interest rate decision on Thursday but with the two detractors who voted for rate rises now back in the pack with the other seven members, nobody expects anything but for rates to stay on hold at 0.5% particularly as the falling oil price has dragged inflationary expectations much lower. In will be an interesting week in politics as the new Greek Prime Minister, Alexis Tsipras, does the rounds of European leaders, including David Cameron, as he and his finance minister unveil their proposals for how they intend to deal with Greek debt.
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Eurozone bond yields fall further on QE
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