at the European Central Bank's upcoming meeting in mid-March is widely expected, but what follows is uncertain and thus this week’s data will be closely watched.
The markets are currently pricing in another 75 basis points of moves in the Eurozone before the end of the summer. Elsewhere, investors will also keep an eye on rising tensions between the U.S. and China, after Washington warned Beijing of serious consequences if it provided arms to support Russia's invasion of Ukraine.
Back in Europe, U.K. Prime Minister Rishi Sunak is set to meet European Union chief Ursula von der Leyen later in the session in an effort to finalize a new deal for Northern Ireland's trading arrangements following Britain’s departure from the union. In the corporate sector, Associated British Foods stock rose 2.2% after the owner of discount retailer Primark said it now expects sales to grow by more than a fifth in the first half as surprisingly strong demand from bargain-hunting customers has helped offset elevated expenses.
Algo woke up early
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