Economic sentiment across the euro zone is expected to edge higher today, with forecasts predicting the index will rise to its highest level since April of last year.
Inflation figures are likely to be in negative territory for the fourth month in a row, but core inflation is set to remain at 0.6%
The euro zone is expected to confirm a full year of employment creation with the release of Q4 jobs stats. It is believed that employment rose by a mere 0.2% across the continent in the final quarter of 2014. That should see the average rate of unemployment on the continent drop to 11%.
Figures for economic sentiment in Germany later today are widely tipped to be strong, as Germans remain confident about their own economy, despite ongoing concerns about Greece.
Yesterday saw the Dax break through the 12,000 mark for the first time, while yields at today’s 10-year Bund auction are expected to remain at record lows.
It appears that despite fierce opposition to the ECB’s QE programme, Germany has been the early beneficiaries of sovereign bond purchases.
On equities markets, the Ibex 35 index opened up slightly at 11.121,50, while the FTSE 100 was up 0.45% at 6,835.00.