Oil prices neared nine-month highs late last week, touching
That has implications for inflation in
Investors will be watching a range of data, from German and Japanese consumer prices to first-quarter United States GDP, to see how the Federal Reserve, the
"Just as oil prices had become increasingly stable, we reckon the risk for an oil price spike is now the highest since the global crisis," said
Until now, falling energy prices have partly been responsible for the eurozone's low level of consumer price inflation, which the ECB considers to be in its 'danger zone'.
A rise in the inflation rate would be welcome but economists and the
Eurozone sentiment readings and preliminary purchasing managers' surveys for June on Monday may give the ECB a sense of how much more help the euro zone economy needs. The recovery from a two-year recession lost pace in April and manufacturing has lost momentum.
EU leaders will discuss economic policy at a summit on Thursday and Friday in
US GDP growth
United States Federal Reserve chief
For now though, the impact of events in
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