Eurozone economic sentiment escalated for the second time this month as the European Central Bank will unveil its economic projections, which might shed more light on the extent of its stimulus tools.
The European Commission reported the executive and consumer sentiment index surged to 104.7 in May from a revised 104.0 in April, the highest in four months. Consumer confidence rose to -7.0, previously -9.3.
Policymakers, who will gather in Vienna Thursday, are anticipated to retain its loose policy following it placed the interest rate below zero and bolstered quantitative easing program to €80 billion ($89 billion) in March.
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