Reuters - Video

Edition: US | UK | IN | CN | JP

Video

Europe Day Ahead: Markets wait for ECB rate decision

Wednesday, August 01, 2012 - 02:09

Aug. 1 - A week of disappointing euro zone news reaches it crescendo on Thursday as ECB president Mario Draghi announces the central bank's rate decision, with investors hoping for one or two surprises.

▲ Hide Transcript

View Transcript

And look at what's happening tomorrow but first a quick recap of today's headlines eurozone manufacturing takes another turn for the west output plummeting last month -- export quotas in China and India drop. PMI numbers that Italy Spain and Greece lumps but so did core countries France and Germany on Monday factoring in the UK hit a three year -- European shares on the single currency holds steady ground and -- despite comments on the US urging European leaders and -- decisively to solve the debt crisis. Treasury Secretary Tim Geithner says interest rates must come down. -- Super Bowl will be provided to peripheral banks. Tomorrow investors' eyes will be firmly fixed on Frankfurt by the ECB will make its rate decision. Some indications that Mario Draghi may make an unexpected announcement. But to Tom German officials upping the pressure on him to avoid -- peripheral governments ease up on austerity measures. Spain currently the focus of Europe's debt worries the still avoiding an official request for a bailout. -- Richard McGuire says that in less Spain does -- help markets look like meg going to remain underwhelmed. -- to be themselves have made it clear that they will intervene in a second -- or primary. Bonn talks in the portrait only as long as a sovereign petitions they need to settle old BES and full support. And -- yet it's Spain is still resisting. Making such requests it seems hard obesity to do anything apart from announce his willingness to intervene as a win. The conditions are right tomorrow which would of course be very disappointing for the market. The Bank of England also set to announce its own rate decision and OECD economist said yesterday Britain's economy looks set to shrink in 2012. Which could force the bank into another round of Q. I'm gonna -- earnings out tomorrow BNP Paribas seen by analysts reaching the core tier one capital ratio early stealing ahead of rivals soc gen. Clearing regulatory hurdle could give CEOs solo home on a -- leeway as he tries to navigate the eurozone debt crisis. That's it because -- do stay with us updates throughout the US trading day I'm Nigel Stephenson and this is -- -- --

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

Europe Day Ahead: Markets wait for ECB rate decision

Wednesday, August 01, 2012 - 02:09