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Europe Day Ahead: EU shuttle diplomacy fuels crisis hopes

Tuesday, August 21, 2012 - 03:35

Aug. 21 - Europe's leaders are preparing for a series of talks which are fuelling hopes for progress in resolving the debt crisis.

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Roche has rallied to that highest since. Three and a half months is growing optimism and Greece and you crisis lines being drawn up by the ECB. -- hopes that Europe may soon be able. To draw a line under it -- problems out of the holiday season is winding down Europe's policymakers are gearing up for a new round of shuttle diplomacy. The aim is to build on the momentum created by the ECB present Marion drive in pushing for breakthrough. In the debt crisis the Euro group president Joan pro -- will be in Athens that talks Wednesday. While Greece's prime minister -- Hamas heads to Paris and Berlin later in the week. Drug he's assurance of the ECB is ready to buy more bonds is given European shares a boost in recent sessions. And dean -- equity strategist HSBC private banks says there's room for more upside. What we've seen in terms of the recent rally is -- some unwinding all of that so -- extremely cheap valuation. -- -- outlook well we'll valuations still look fairly. And and obviously attractive for for a significant amount home. Of the European stock markets says that shouldn't be -- also are the games. Phone book coming months. On the macroeconomic front German sells five billion euros in two year notes Wednesday the papers offering a zero coupon. And the equipment is trading -- negative yields on the secondary market. Off eighteen years of tortuous negotiations Russia joins the world trade organization on Wednesday the World Bank says Russia's accession. Could have 3.3 percent to its GDP in the medium term and as much as 11% of the longer term. But the WTO Director General Pascal -- says Russian membership will not be as significant as China joining in 2001. When China joined the world trade organization -- but -- -- role. It's been good to me. Was already. And quite diversified. China's external trade was already got an auction in -- defectors. Today it Russia joins the world trade system I'm not we're export structure we -- -- it. Didn't. Concentrate. On the shoes on narrows that to recruit present more than two Serbs have a Russian exports and into short term it's not the same picture. Medium and long term might view and Brussels with a view room Russian authorities there. That they should be an important contribution to the future divestitures -- and the Russian exports panes of Russia and productions. He Colbert -- mining John BHP bullets on reports preliminary earnings figures Wednesday the group has already warned of job cuts in Australia. As global -- is ahead by slowing industrial activity in China the Australian mining boom of the last decade is hinged on China importing hundreds of millions of tons of coal. -- -- -- And other minerals. Dutch brewer Heineken is such a report 3% increasing Q2 earnings the beer making has raised its offer for the Singapore conglomerate behind tiger along its consolidated its hold in the Asian market. I'm on Wall Street -- -- pack -- the only company you know reporting number as the PC build up. Expected to announce earnings per share affording to 98 cents from a dollar ten year on yet. That's all laugh from us for now would join us throughout the week for -- says today that's a snapshot of the latest world news and mocking headlines. Agent called London time. -- of trouble this is --

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Europe Day Ahead: EU shuttle diplomacy fuels crisis hopes

Tuesday, August 21, 2012 - 03:35