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Europe Day Ahead: Diamond in the rough

Monday, July 02, 2012 - 02:07

July 2 - A look at Tuesday's key events including the on-going saga at Barclays, investor focus on the ECB and the RBA's latest policy decision.

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Coming up and look at Tuesday's key events but first the headlines on Monday afternoon. -- cost by Dutch and Finns the Euro zone's most hotline credits as they say they'll block the Euro zone's permanent bailout fund. Buying bonds in secondary markets. Factories dealt another blow eurozone manufacturing it to two and a half year low. US growth at its lowest in eighteen months -- export orders for in China Japan Korea and Taiwan. And -- he's chairman quits Marcus -- says the buck stops with him. Often libel scandal deals what he calls a devastating blow to the bank's reputation. Now looking ahead to tomorrow -- little -- right now it's an Atari but the scandal -- -- he's likely to rubble on. They just is it resignation hasn't taken heat off CEO Bob Diamond. Some of the bank's big investors including standard life Scottish widows and fidelity have so far resisted calls to comment on diamonds future. They prefer to wait until after Wednesday's parliamentary grilling. That's hearing could prove embarrassing to the Bank of England there are reports dominant and the B that we deputy had a conversation in 2000 the date about -- This apparently that some Bart police to believe that bank had allowed him to put in off sufficiently -- testaments. More than a dozen other banks are being investigated including Citigroup HSBC UPS and I'll -- -- more big fines are expected -- Investors already starting to look ahead to Thursday's European Central Bank meeting. Keep bank to bank lending rates easing further today as expectations ECB will cut rates this week getting traction. 48 out of 71 economists polled by Reuters expect rates to be content below the current record low of 1%. And other Central Bank news Australia's reserve bank expected to stand -- tomorrow after back to back interest rate cuts. Old nineteen economists -- by Reuters say the -- -- will keep rates at 3.5 percent particularly off the recent data show that the economy grew at its fastest pace in more than four years. In the fast court. That's not look ahead to Q thank you follow us on Twitter apps Reuters Insider I'm not the students and this is what it's.

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Europe Day Ahead: Diamond in the rough

Monday, July 02, 2012 - 02:07