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Europe Week Ahead: French, Greek polls set to drive markets

Friday, May 04, 2012 - 02:10

May 4 - French and Greek election results look certain to drive markets in the early part of next week, with the outcome in Athens looking much harder to call.

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More misery for the Euro -- services sector index is point two along got deeper recession than expected European shares lose 1% of but a weaker than expected US jobs report has the dollar losing ground against the Euro. I -- off to new entry of course the early part of next week are likely to be dominated by election results from France and Greece. A victory for socialist candidate Francois all alone now -- pricing by financial markets. Meaning a surprise Sarkozy come back could be the big a market move -- if alone does win analysts already looking beyond next week. What's important to us is actually NG in the parliamentary elections well gonna find out how much power. Upon an entry Francois on this actually gonna get -- goes to enforce some of the things that he's -- about on the campaign trail. Greece's. Election looking out like more of a wild -- some polls suggesting the two top parties could fail to win enough seats to govern alone. -- might force them into bed with a variety of fringe anti bailout parties and for the country's continued membership of the Euro zone and fresh doubt. Plenty of opportunity to gauge the mood among -- Euro zone -- -- following the weekend elections Italian PM Mario Monty and economy commissioner. Only -- among the big names you just speak at a conference Wednesday was that keep an eye out for gathering of central bankers in Vienna on Thursday. Policy meetings also US central banks in the UK and Norway no change expected in Norway. -- surprise rate constant march but the picture looks out more evenly balanced here in London. Where the economy is back in recession -- inflation remains stubbornly high. The -- -- looks relatively quiet with -- industrial production numbers from the UK and Germany among the numbers and account for Germany expects to return to positive territory. With growth of eight tenths of 1% on the month the time that may not be much relief from London. Without put full cost shrink by two point 6%. And banks take the spotlight again when it comes to corporate earnings watch -- -- numbers -- -- -- bank UniCredit and Credit Agricole. That is all from Austin -- join us again this time every weekday for a preview of the trading day ahead. I'm axle problems this crisis.

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Europe Week Ahead: French, Greek polls set to drive markets

Friday, May 04, 2012 - 02:10