Some pivotal economic data will be lined up and drive the financial market sentiment this week. Investors will focus on the Eurozone’s flash first-quarter GDP and the final CPI for April. More importantly, the US is also set to release its April inflation data, which is the primary economic indicator for the Federal Reserve (Fed) in determining interest rates, in turn, impacting investment sentiment. EuropeThe European Commission (EC) will release its second economic forecast on Monday this week. In February, the organisation downgraded its 2024 growth outlook to 0.9% for the EU and 0.8% for t…