According to analysts at Danske Bank, in Germany, focus is on the ZEW reading for April today, ahead of the important PMIs on Thursday.

“After a difficult start to the year, we already saw rays of light in the March ZEW reading with the expectations-current conditions spread turning positive for the first time since 2012. In April, we see scope for further upside for the expectations component in light of better recent data not least out of China, while we expect the current situation assessment to stabilise around the current level. In the UK, the jobs report for February is due out, which will likely point to solid employment growth, after GDP growth surprised on the upside last week.”