Reuters - Video

Edition: US | UK | IN | CN | JP

Video

Europe Day Ahead

Tuesday, January 03, 2012 - 02:34

Jan. 3 - A look ahead to Wednesday's trading including EZ services PMI, Germany's Bund auction and UK retailer Next's Q4 trading update.

▲ Hide Transcript

View Transcript

Briscoe presiding charged on Tuesday by signs -- picked up in Chinese manufacturing and a surprise drop in German unemployment. It's dogs around the Euro get a lift -- rising tension between the US and Iran pushes the oil prices above 12 and a barrel. Looking ahead to -- Wednesday now markets here in Europe will be reacting to minutes from the FOMC's December 13 meeting. That you today at 7 PM London time. I'm the first test of investor sentiment towards Germany this yet comes in the form of a five billion Euro auction of ten year bones -- FX analyst Neil Kimberly. Says Germany looks good. If you've got to put your money somewhere in the eurozone you gunning over Germany for us -- would be nice if he doesn't shift. And the box that said that doesn't necessarily mean everybody else is tiger is gonna go out. Germany is a special key race. I would suspect in this particular instance -- goes well the markets got plenty of money they want can't put there and it is the southern India where capital -- put to work. Attention will also be on the Middle East again today Iran threatened to take action if the US navy moves and Bancroft -- into the gulf. Iran completed ten days of naval exercises in the gulf on Monday and said if foreign powers impose sanctions on its oil could shot the strait of homeless. Through which 40% of the world's traded oil is shipped. Egyptians will votes on the final day of the third and final stage of a parliamentary elections -- islamists have been handed the biggest share of seats in the assembly. The military will retain power even off to the runoff vote ends January 11 but has promised to hand over to an elected president bar right in July. On the economic front a final reading of December services PMI and the Euro -- expects to showed little change from the sub fifty flash reading. A 48 point three flash inflation data in the Euro -- expected to show a drop to two point 8%. After holding it 3% from the previous three months. I'm construction PMI from the UK expected to share of the industry expanded at a slower pace once again in December up. On the Cole performed tomorrow Q4 trading numbers from UK retailer next analysts at brokers Seymour -- expect next to be among the post Christmas windows. But overall that's for crossing little to boost investor appetite in the sector as a whole. Our technical level the relative strength index a retail suggest the sector is edging towards open ports territory. That is all look ahead to Wednesday stay with Reuters for roundup of this morning's trading action on Wall Street that some mid -- use them. -- PM London time. I'm actual -- which is runs us.

Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code

Europe Day Ahead

Tuesday, January 03, 2012 - 02:34