In the run-up to the Eurogroup meeting on 24/25 April, Greece will continue to grab headlines and market attention. After so many missed opportunities, it is hard to be convinced that a solution will be found this time.
"Our baseline continues to be a last-minute compromise, not Grexit. The Eurogroup summit is by no means the last opportunity." Nordea Research says in a report
Euro zone sentiment indicators are not far away from their cyclical peak. Time may be ripe for a small setback in PMIs, but probably not yet in the Ifo index.
"We think that the momentum provided by lower energy prices and the weaker EUR will lift the manufacturing PMI a bit higher. By contrast, we expect a small decline for services after recent strong increases." said Nordea Research
