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Europe Day Ahead: Greek turmoil pressures euro, shares

Tuesday, May 08, 2012 - 02:58

May 8 - European risk assets are likely to remain vulnerable as Greek politicians struggle to put together a new coalition government.

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European shares on the -- fall as investors take breaks and ongoing political turmoil in Greece. The leader of the main street -- -- who may be the next prime minister says the Greek people's overwhelming rejection of pull -- parties in Sunday's election. Music EU IMF bailout is not one point he also says he wants to nationalize the country's banks. -- coalition party has a window of three days in which to try to form a government. Citigroup says there's up to 75%. Chance of Greece leaving the you know within the next eighteen months the so called directs it. But others are more optimistic almost believe global economist at BNP Paribas says it could go either way. Close to 5050 -- not impossible that -- But I think for Greece and for the rest of Europe the consequences could be quite severe. So I think on both sides still trying to avoid. The question is -- Greek society pulled together. -- for these government on Monday. To achieve to marriages are consistent with a membership of your -- and at this stage it doesn't you go outside of that question remains very much open. My for a look at the day ahead in Europe demonstrate figures on Wednesday a forecast to fall by zero point 8% in March. The same trend was predicted a month -- up. But trade with countries outside the uterus alone actually -- German exports high up in February. Economists say Germany's economic fortunes on increasingly find out what is non EU trading partners mainly the US UK and China. A -- and -- is still expected to pollution balance overall trade surplus lore and months. Also on Wednesday Germany's ability to carry on selling government debt at -- trouble borrowing costs will be -- Donaldson 05 billion euros of five year notes. The first quarter reporting season continues with a flood of earnings from some big European corporate names. Germany's second biggest lender Commerzbank is set to announce a fall in net profit of as much as 58%. To 460. Million euros. The High Court in London is also due to give a ruling on a long running battle between Commerzbank and more than 100 bunkers over 52 million you know as an unpaid bonuses. The UK based low cost -- easy jet has already raised its guidance for the first half of the year despite high oil prices and increase in trading done business travelers. A mild winter weather has helped boost passenger numbers. We'll also hear from Pelz brought the Danish -- a -- -- to deport an 18% fall -- Manning's. Building group about the BC is likely to be hit by the slumping UK construction. And he could get more from commodities giant going called on his -- to -- from -- enough struts up. Finally there are also numbers from UK supermarket Jason's -- and Air France. Let's OpenId there's plenty more on the inside a platform on the cuts for Reuters today each week day at seven GMT just not sure of all the main world news market headlines on social media pulse. I'm -- -- give them. This is --

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Europe Day Ahead: Greek turmoil pressures euro, shares

Tuesday, May 08, 2012 - 02:58