Inflation and retail sales top the European data card today
Germany kicks of the EU data in a mo with retail sales for Feb. We also get further inflation data including the flash March numbers from the Eurozone. With German inflation taking a sizeable drop yesterday, the market is probably scaling in something a bit worse than the 1.8% expected (2.0% in Feb). Anything around 1.6% or worse is going to see the Euro soften.