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Europe Day Ahead

Thursday, January 05, 2012 - 02:56

Jan. 5 - A look at Friday's key events including U.S. non-farm payrolls, Nicolas Sarkozy meeting Mario Monti and easyJet traffic figures.

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Plus it just stays out of the US give the dollar list and helps stocks have lost his hopes of a robust recovery in the world's largest economy. Offsetting concerns over the Euro zone's debt crisis I'm stronger month from his -- -- shuttles are helping to lift sentiment. Looking ahead to Friday now on the US jobs once again the main focus December's unemployment report the big economic events of the day. Nonfarm payrolls expected to have increased by 150000. In December. Up from 120000. A month before. But the overall jobless rate is expected to go back up to eight point 7% after tumbling to a two and a half year low of eight point six in November. That is likely to worry present Obama as he bids for a second term in office. No president since Franklin Roosevelt has won reelection with unemployment over seven point 2%. Tom Levinson currency strategist at ING financial markets as a strong payrolls number will give the dollar further boost. I think for now basically it plays into the hands of us from the dollar -- listed on the back of this from a ADP number site. You know it would touching 128 at the moment and there is a risk that we accelerate down below important support levels in and have a one. Point seven if not a 126 handle. By the end of this week. If we get a strong I don't know about. Other economic dates or no Jews tomorrow include Euro zone unemployment -- remain at ten point 3% eurozone sentiment they said. Figures for business economic industrial services and consumable full -- be down in December. And Euro zone retail sales expected to have contracted this consumer confidence deteriorates. The big event here in Europe -- a meeting between French president Nicholas Sarkozy and Italy's new prime minister Mario Monti. The two men will meet in Paris to preparing European summit planned to the end of the month. Once he will then travel to Berlin next Wednesday to hold talks on the Euro zone crisis. With German Chancellor Angela Merkel British foreign secretary William -- continues his visit to Myanmar on Friday. He'll hold talks with -- sons and she leader of the country's democracy movement. Today hey welcome to pledge by Myanmar to continue reforms and release more political prisoners. Often meeting present things same page said if recent progress is sustained it would lead to deeper economic and political ties with the west. Finding corporate news British low cost airline easy jet will release its latest traffic figures passenger numbers rose 3.4 percent in November. Chief executive Carolyn Cole says the company has felt no impact on its business from the eurozone debt crisis sort of fall. -- told German newspaper about comes on -- the bad weather home. Means brits don't seem to care what happens in the world when it comes to traveling at Soledad to Friday -- -- lunchtime -- for the morning's Wall Street action. In trading at noon -- today decent price PM in London. I'm so -- which is voices.

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Europe Day Ahead

Thursday, January 05, 2012 - 02:56