Key measures of the eurozone’s economy continue to show sluggish growth and stagnation, in what is a huge blow for policymakers. In March the ECB pulled out all the stops in an attempt to inject life into the stalling region, by slashing interest rates and printing billions of extra cash.

Yet yesterday it was confirmed the region is stuck in deflation, meaning prices in Europe are overall falling in what is seen as a sign of weak consumer demand and ailing economy. Today manufacturing data has now disappointed onlookers with Spain, Italy and France all struggling to maintain growth. Top stock markets in Germany, France and Spain were all nursing losses of around one per cent today. READ MORE