In the run-up to the Eurogroup meeting on 24/25 April, Greece will continue to grab headlines and market attention. After so many missed opportunities, it is hard to be convinced that a solution will be found this time. “Our baseline continues to be a last-minute compromise, not Grexit. The Eurogroup summit is by no means the last opportunity.” Nordea Research says in a reportEuro zone sentiment indicators are not far away from their cyclical peak. Time may be ripe for a small setback in PMIs, but probably not yet in the Ifo index.“We think that the momentum provided by lower energy prices and the weaker EUR will lift the manufacturing PMI a bit higher. By contrast, we expect a small decline for services after recent strong increases.” said Nordea Research
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