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Europe Day Ahead: EU sees fiscal treaty by March

Tuesday, December 13, 2011 - 02:15

Dec. 13 - Up to 26 European Union countries will finalize a pact to enforce budget discipline more strictly in the euro zone by March -- and without Britain.

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Stocks and the you'll recover some -- but disappointment of last week's EU summit assists investors wanted to buy the health of the European banking sector. And increasingly -- it possible solvent during -- The it'll trading around one dollar 52 -- just above two month lows hit earlier in the session. Looking ahead UK -- with the market -- as it's on Wednesday both the jobless claimant count and -- -- unemployment rate and expected to rise in November. Italy meanwhile faces an important test of investor sentiment -- sailing out to three billion euros banks modify your bones. Five year yields rose above some percent and -- this week as a market gave the thumbs diamonds the fiscal compacts it feeds and Brussels. Germany also comes to the market with an option but I'm five billion euros of reopening of the two -- shots. The three major ratings agencies unexpected to review their eurozone sovereign ratings in the -- via the economic financial and political -- because murky at best. But told -- -- off senior economist at west -- says bears positioning on Germany in particular has opened them. There is some reason. To believe. So the sort marketing index the German stock market index is up undervalues. At some of the current stage. Because in our view was told the German Economy go wrong -- fairly well compared to other eurozone countries. We I'm not expecting out of recession and that Germany. Compared to the tourism. OPEC ministers meeting in Austria tomorrow unexpected to set them on oil production target of fifty million bottles a day. Insight is Camilla beat Indiana has more. I picked ministers meets tomorrow to try and reach a face saving compromise off to teens chaos that meeting and denied deal. The tool he -- thirteen million out today about the target. That's what field produces -- tell currently pumps out now I would be defense official target in three years the price hopes Iran Venezuela. And Algeria want assurances. That the news he pumped more oil. We'll come back once Libyan output recovers as they are anxious to keep oil prices around 100 told -- that. And we'll have more from Camilla -- OPEC and Vienna during the week I'm Jamie media but this is what.

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Europe Day Ahead: EU sees fiscal treaty by March

Tuesday, December 13, 2011 - 02:15