At the beginning of the week, look like crosses the main listed market higher, after learning that the European Commission confirmed the rescue plan for Greece. However, it is clear that the euro has appreciated significantly against the greenback, currently operating below the altitude at 1.3500. Among other things, today we have learned that consumer confidence in the Euro Zone has recorded two-year highs in March, beating market expectations, renewing optimism about the stability of the economic bloc. The main key of that spike is due to the weakening of the European currency, which benefited the export sector.
It also grants mortgages UK have seen a contraction in February, while the M4 Money stock remained in line with expectations. During the evening session, has highlighted the results of the annualized retail sales in Japan. According to the Bureau of Statistics, retail sales grew by 4.2% in February, 2.4% higher than predicted by the operators.
For the next few hours, the eyes will be on the Consumer Price Index (CPI) for Germany, while in the U.S., the highlight will be the results of the conference Personal Income and Treasury Secretary Timothy Geithner. For this week, the market will be waiting for employment data across the ocean. For now, it is estimated that the unemployment rate will remain at 9.7% for the second consecutive month. » Read more: Dollar expectant of the NFP