Week Ahead: ECB Meeting in Focus as Eurozone Recovery Stalls

European investors will be focused on comments from the European Central Bank in the week ahead.
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European investors will be focused on comments from the European Central Bank in the week ahead. The ECB is set to meet on Thursday and while it will likely keep interest rates unchanged, President Mario Draghi could provide clues on the bank's policy approach. German business sentiment is down for three consecutive months and manufacturing activity has not grown from the modest increases it posted last November. Ahead of the ECB decision, investors will get a reading of the services sectors of Europe's largest economies on Tuesday. Tuesday will also bring the first estimate of second quarter GDP growth from Italy. MNI's Eurozone Correspondent Martin Baccardax has details on what to watch in the week ahead from London.