French Finance Minister Le Maire said that his country’s government reached an agreement with retailers to limit food inflation and that retailers will take a hit to their margins.
European Central Bank policymaker Rehn hinted at a “fairly significant” rate hike in March while ECB policymaker Centeno said that the central bank is targeting headline inflation rate instead of the core rate.
Eurozone’s January Retail Sales 0.3% m/m (expected 1.0%; last -1.6%); -2.3% yr/yr (expected -1.8%; last -2.8%). March Sentix Investor Confidence -11.1 (expected -6.3; last -8.0)
U.K.’s February Construction PMI 54.6 (expected 49.1; last 48.4)
Spain’s February Consumer Confidence 71.6 (last 73.0)
Swiss February CPI 0.7% m/m (expected 0.4%; last 0.6%); 3.4% yr/yr (expected 3.1%; last 3.3%)