Europe is strengthening - Westpac

Analysts at Westpac argue that the sentiment toward the Euro Area continues to strengthen as the benefits of the nascent recovery in global trade and improved domestic momentum are felt. 

Key Quotes:

"Investment is yet to fire, and it could be some time before it does."

"In the meantime, core inflation continues to point to considerable labour market slack, which is set to keep policy accommodative through 2018."