Expert analysts say this Ifo reading could lead to annual GDP growth of a solid 2 percent or so.
The BIS said the global economic crisis had peaked, and governments should take over from central banks the task of rejuvenating their economies.
A report by the Jerome Levy Forecasting Center says that the euro zone recovery will only last a few months.
ECB's Mario Draghi said Tuesday that the bank may resort to unusual policy measures such as negative deposit rates to save the euro zone.
The focus will be on the FOMC statement Wednesday, when the Fed will likely lower its forecasts, but remain ambiguous about the prospects for tapering its QE.
Greek officials said ERT cost Greece 300 million euros each year and had become "a typical example of incredible waste."
Germany’s constitutional court said Tuesday that ECB's success with the Outright Monetary Transactions program will not influence its decision.
U.S. consumer sentiment will also be in focus this week.
The euro zone's central bank held its key interest rate of 0.5 percent, much as investors and analysts had expected.
U.S. stock futures edged higher on Thursday after falling steeply in the previous session.
The European Central Bank won the right to keep documents about Greece's finances secret.
The prospect that the U.S. central bank will turn off its monetary spigot hangs like a specter over this week’s economic reports.
Increased confidence among businesses, save construction, led to improved indicators, especially in Italy, France and Germany.
According to Federal Reserve data, overseas banks accounted for about 70 percent of the Fed's discount window loans.
U.S. stock index futures point to a higher open Thursday as investor sentiment turned positive.
For the S&P 500 Index to reach its previous real-term highs, the market would have to move to around 1875, up from 1563 currently.
As the dust from the Cyprus financial rescue settles, an altered landscape is emerging.
U.S. stock index futures point to a higher open Monday as investor sentiment was buoyed by Cyprus bailout deal.
Here is the full text of the Eurogroup Statement on Cyprus, as issued in Brussels early Monday.
Just hours away from financial ruin, one of the tiniest countries in the euro zone agreed to severe terms for a financial rescue.
The world watched Saturday as Cyprus struggled to repair years of financial mismanagement.
"It must realize its current business model is dead," German Chancellor Angela Merkel said.
