From Macquarie: One of the most remarkable, and surprising, developments of late has been the strength of the economic recovery in Southern Europe. This trend continued in last week's data, with the Italian manufacturing PMI rising to 51.3 from 50.4 and the Spanish to 51.1 from 49.8. The Euro area Sentix survey (Monday) and the UK labour market data (Wednesday) are the most important releases this week.