Europe Expected to Report Solid Growth

With optimism building that the United States is already recovering smartly from another horrible start to the year, focus will shift this week to reports that may show the euro zone is finally shaking off half a decade of torpor.

The 19-member currency union has been a millstone around the global economy’s neck ever since the financial crisis spawned a sovereign debt crisis particular to Europe.

China’s economy is no longer driving growth and other emerging markets like Brazil are grappling with disappointing performance in the run-up to what most expect will be the first U.S. interest rate hike in nearly a decade later this year.