Down at 1.4085 from North American close Wednesday around 1.4100.
Euro being underminned a little by state of flux in Portugal, where PM Socrates has duly fallen on his sword, and the contentious situation surrounding Ireland’s corporation tax. On top of that, seems final details on the EFSF may not be clear until June. Market unimpressed by delay.
EU summit starts today
Euro zone data due:
07:45 GMT: French business confidence for March expected 105 from 106; French own company production outlook for March; Production outlook indicator
08:00 GMT: French manufacturing PMI for March expected 56.0 from 55.7; services 59.5 from 59.7
08:30 GMT: German manufacturing PMI for March expected 62.0 from 62.7; services 58.4 from 58.6
09:00 GMT: Euro zone manufacturing PMI for March expected 58.3 from 59.0; services 56.3 from 56.8; composite 57.8 from 58.2
09:00 GMT: Italian consumer confidence index for March expected 106 from 106.4
Buy orders noted 1.4050/70, stops just below there.
