Europe’s twin woes of too little inflation and too many unemployed will dominate data due this week just as officials prepare forecasts backing the rationale for Mario Draghi’s surprise interest-rate cut.
Banco Comercial Portugues SA and Banco BPI SA led Portuguese banks lower as analysts said the nation’s political crisis will persist, generating uncertainty about the country’s ability to exit its aid program.
Italian voters are braced for an onslaught of tax-cut promises and attacks on the European Union as the four leading candidates take to the airwaves and criss- cross the country in the election campaign’s final days.
Greece headed for a cliffhanger vote on austerity measures needed to keep the bailout on track as a 48-hour general strike began and European officials squabbled over the timing of a deal to unlock rescue funds.
Spain’s economy grew in the first quarter at the same pace as the previous three months, the Bank of Spain said, as the nation struggled to rein in a growing debt burden and the highest unemployment rate in the euro region.