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Europe Day Ahead: Spanish bill sale, earnings in focus

Monday, August 27, 2012 - 03:01

Aug. 27 - Spain's short-term debt sale and corporate earnings will keep investors on their guard in the absence of major economic data, as the euro crisis gets closer to boiling point.

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Big German and French finance ministers meet in Berlin as the you to zone's economic policies coming out a common position on the crisis on what to do about increased. This comes on a quiet day for markets was London close. Investors on the continent still pinning their hopes on the ECB next week so shrugging off another fall in German business morale. But there's not that the crisis is reaching boiling point so much sold German chancellor Angola Merkel at the weekend implored the officials to tone down the rhetoric. This would be a welcome development says access chief economist at Cheney. The fact that there is these. -- battle. Initiated by the Bundesbank buy yen Spiderman woes. And get America is a fight zone when he was younger. I think that that that is that that gives a sense of -- California. Not -- in the financial markets the source of the politics. So it seems to me that the most responsible leaders are now trying to quite get down that'd be the rhetoric. Tomorrow spots but some dates are unlikely to give markets much direction so the focus in -- will be on policy debt issuance and Cummings. Spain to sell three and six month treasury bills while actually -- is two years -- could pin on the inflation linked bonds. Investors eagerly awaiting news from rule on whether it will soon issue a new ten year bond. And company the Central Bank will announce its latest interest rate decision at twelve GMT. Evidence of sinking consumer demand falling retail sales and industrial production could prompt a 25 basis point cut. A smattering of caucus numbers due tomorrow as well NTS Russia's top mobile -- Ford operates up. As expected to write -- up to one billion dollars from second quarter results. That's after it was forced to cease operations in central Asian state of Uzbekistan. Investors will look at the impact of failing to fulfill that 2012 Olympic game security contract and G four -- first half numbers. UK oil and gas took care and energy presents its interim results after spending close to 700 million pounds on recent acquisitions. Investors -- remain concerned about the risks and -- offshore Greenland explanation areas on the cost of developing its North Sea fields. French cosmetics giant -- -- the -- also partsmaker shot float on thanks telecoms group Boyd will also post numbers on Tuesday. The front -- cabin crew made them two is tomorrow following a thirteen month protest over pay and conditions. The move would cause widespread flight destruction of Germany's leading LA -- the sponsor is cutting -- and a half thousand jobs about 3% of its global work force. On freezing investment to boost profits squeezed by high fuel prices and fierce competition from low cost carriers. That's another fumble on Apple's legal victory over some some do visit that incited the platform unseating me give up. This is going to.

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Europe Day Ahead: Spanish bill sale, earnings in focus

Monday, August 27, 2012 - 03:01