More on the positive Eurozone setup, courtesy of Bespoke Investment Group:
As shown in this chart, the hiring plans for
manufacturing companies (a reasonably useful proxy
for total economy labor demand) have continued to
make new highs, foretelling a further acceleration in
employment within the Eurozone. European labor
markets at this stage appear to be in virtuous cycle
territory: more workers means more payrolls, which
means more consumer spending, which means more
workers to meet the new demand, which means
more payrolls…so on and so-forth.