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Europe Day Ahead: data in focus as Draghi fever subsides

Thursday, September 06, 2012 - 02:54

Sept. 6 - US jobs figures are likely to dominate trading as the week draws to a close, and markets digest the ECB's announcement of a new bond buying programme

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Some relief but not much to cheer about -- -- ECB increased on a new bond buying program. Opposed by the Bundesbank the scheme is strictly within the ECB's mandate to -- exactly insists. -- a -- drug is unveiling in Frankfurt was short on detail but he says they should restore the Euro zone's financial framework. The objective of this program is to repair monetary policy transmission China and switched today. Honor. Hampered and that to re create a single monetary area. Which today is fragment. Drag these words are having some short time calming effect Europe's volatility index fools by 13%. In the wake of his news conference. One out of Draghi -- is subsiding here in Europe attention is turning to September's economic data highlight US nonfarm payrolls data due out on Friday. Economists polled by Reuters are expecting a gain of 125000. New jobs in August compared with 163000. -- July. Some believe that somebody could be weak enough to precipitate a more fed stimulus. Unlikely says Michael -- of -- back. We don't think that it would be as bad as we need to to argue for further easing or on behalf of the Fed. So all all -- those investors who are looking for four for the indications for QE3. A lot of other elected to do to be disappointment that this is disappointed in all of you. All the weakness of the UK economy will be highlighted by manufacturing output figures being published on Friday. A drop of 2.4 percent as full cost of July a modest improvement on the month earlier but still pointing to an economy in recession. The long awaited and keenly contested matchup between the commodities giants Blanco -- extra -- likely to collapse on Friday. -- course CEO Ivan Bryson back. Is refusing to -- pays 31 billion dollar -- in the face of demands for a suite now from Xstrata -- is that by Qatar holding. Investors in both companies both based in the small low tax Swiss town of -- will be voting on the plan. Plays and bag insists it's not now you'll never maybe having to do no good deal more cheaply later. -- anger ankle on Xstrata are little changed on the yet but on the performing the -- 100. Finally inside it will be joining some of the stars of European finance on politics gathering to put the world to rights. The annual -- -- forum in the Italian that Lakefront town of should not be. We'll be talking among others to Nouriel Roubini Michel bonnet and -- on the media. Let's all for now there's more on Reuters dot com on the inside of apple. I'm join us throughout the week for -- just today a snapshot of the latest world news on the market headlines. I'm Nigel Stephenson thinks is right.

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Europe Day Ahead: data in focus as Draghi fever subsides

Thursday, September 06, 2012 - 02:54