What's coming up

There are two key data releases ahead for the European session:

1. UK weekly earnings and jobless claims at 0930 GMT

2. Current ZEW survey at 1000GMT

The UK data is, as typical at the moment, going to be overshadowed by Brexit headlines and the current ZEW data will be read to see if a growing pessimism is entering the markets around the eurozone slowdown. Remember, the ECB rate statement is on Thursday of this week