The fallout from this week’s Eurozone talks will likely take center stage, with investors focusing on whether the rhetoric will be followed with decisive, coordinated actions.
On the economic front, the health of the German economy will be in focus, with the IFO business climate survey and retail sales numbers giving clarity on the magnitude of the slowdown in the ‘core’ of the Eurozone.
Last month’s IFO reading was the lowest in two months, so expectations of further weakness are likely to be greeted by a reduction in risk appetite for Eurozone assets.
Manufacturing data later in the week from the US will also be closely monitored to gauge when further stimulus may be introduced by the Fed.
ETFS Physical Silver Shares (NYSEArca: SIVR)
