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Events that marked the week:

From Eurozone, on Monday, Industrial Production figures were released. In January 2016 compared with December 2015, seasonally adjusted industrial production rose by 2.1% in the euro area (EA19), beating forecasts on 1.7% incline, and by 1.7% in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In December 2015 industrial production fell by 0.5% in the euro area and by 0.6 in the EU28. In January 2016 compared with January 2015, industrial production increased by 2.8% in the euro area and by 2.5% in the EU28.

From Eurozone, on Thursday, only Final CPI data was published. Euro area annual inflation was -0.2% in February 2016, down from 0.3% in January 2016. In February 2015 the rate was -0.3%. European Union annual inflation was also -0.2% in February 2016, down from 0.3% in January. A year earlier the rate was -0.3%. The largest upward impacts to euro area annual inflation came from restaurants and cafes (+0.13 percentage points), rents (+0.08 pp) and fruit (+0.06 pp), while fuels for transport (-0.49 pp), heating oil (-0.24 pp) and gas (-0.10 pp) had the biggest downward impacts.

 

This week markets will be  looking at:

               

French Flash Manufacturing PMI/ French Flash Services PMI (Tuesday 9:00)

German Flash Manufacturing PMI/ German Flash Services PMI (Tuesday 9:30)

German Ifo Business Climate (Tuesday 10:00)

German ZEW Economic Sentiment/ZEW Economic Sentiment (Tuesday 11:00)