In the remainder of the week focus will be on inflation euro area Flash CPI for February Friday and US PCE inflation for January, which is released on Thursday. We expect the euro area CPI to still be well behaved measured on monthly momentum in the core CPI, which the ECB is watching closely. We also get unemployment data for the euro area on Friday. Friday we will also have US manufacturing ISM and China manufacturing PMI. Tuesday the Central Bank of Hungary will release its rate decision, while the Reserve Bank of New Zealand will release its cash rate decision on Wednesday.