It’s euro zone GDP day. German and French data are already out with Europe’s largest economy growing by 0.3 percent, below both the 0.5 percent forecast and the 0.7 percent achieved in the last three months of 2014.
Secretary of State Hillary Clinton responds to intense questioning about the September attacks on U.S. diplomatic sites in Benghazi, Libya, during a Senate Foreign Relations Committee hearing on Capitol Hill in Washington January 23, 2013. REUTERS/Jason Reed
A member of the Kurdish peshmerga forces sit with a weapon during an intensive security deployment against Islamic State militants in Makhmur, on the outskirts of the province of Nineveh August 7, 2014. REUTERS/Stringer
A day before the European Central Bank’s monthly meeting, service sector PMI surveys for euro zone countries will be scrutinized to see if they add to a developing trend of above-forecast economic data.