A look at the day ahead in European and global markets from Rae Wee A look at the day ahead in European and global markets from Rae Wee Euro zone preliminary inflation data on Wednesday will set the tone for markets ahead of the European Central Bank's rate decision a day later, as policymakers keep close tabs on the euro's strength. Expectations are for consumer prices in the bloc to have eased slightly to an annual 1.7% last month. That remains comfortably below the ECB's 2% target as price pressures dissipate and give the central bank reason to stay on hold.