Services PMIs (Jan) – 05/02 – The recent flash PMI numbers pointed to some significant divergence between economic activity in Europe, which appears to be slowing sharply in the bloc’s two biggest economies of Germany and France and in the UK where it rose to its highest levels since May last year at 53.8.
Fed rate decision – 31/01 – This week could see the Federal Reserve look to put a pin in the idea that they might look at cutting rates when they meet in March.
European equities found their groove in afternoon dealings, supported by a decent start in New York, with the lack of an escalation in Middle East tensions enough for investors to buy into equities.