Market momentum continued last week, with the S&P 500 and Dax ascending to new highs and the FTSE closing above 6,600 for the first time since 2007. There was a ‘Nirvana’ moment in the Japanese market as the yen broke through the psychological ¥100 barrier versus the dollar for the first time in four years. ‘Abenomics’ continues to raise expectations for further yen weakening and improving Japanese corporate profits. Looking ahead, eurozone industrial production comes to the fore on Tuesday, swiftly followed by the initial reading of first quarter euro area economic growth on Wednesday, where a small contraction is expected.