European investors are focused on the latest growth data from the region due on Tuesday, with investors looking for hints of a further slowdown — or a recovery — following a spate of lackluster figures.
In the fourth quarter of 2018, economic growth was confirmed at 0.2% quarter-on-quarter; which followed a 0.1% figure for the third quarter. For the first quarter of 2019, most analysts predicted growth of between 0.2% and 0.4%. Analysts polled by Reuters predicted 0.3%, although some estimated a reading of 0.5%.It's not an easy time for the euro zone with flat growth in Germany and a recession in Italy worrying investors.
Business expectations were also gloomy with political uncertainty, including Brexit, trade wars and protectionism all weighing on sentiment. IHS expected growth of around 0.2% in the first quarter.decreased "markedly" in both the euro zone and the wider EU in April. "It is not a turning point. There is clear evidence of a trade-related exogenous shock for the euro zone economy, which cannot be easily dismissed in the aftermath of a good GDP reading," Codogno, the founder and chief economist at LC Macro Advisors, said in a note Monday.
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