Markets will be looking for guidance from this week's ECB meeting

The press conference with president Christine Lagarde will garner close attention.

The Eurozone economy essentially flat-lined for five consecutive quarters between the end of 2022 and throughout last year. 

For the year as a whole, GDP rose by just 0.5% in 2023, down from 3.5% in 2022. Furthermore, the limited available hard data so far this year have been mixed at best. Industrial production remains volatile, with output contracting by 3.2% in January, wiping out a 1.6% increase in December.