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Europe Day Ahead: Greece faces second day of strikes

Wednesday, October 17, 2012 - 02:06

Oct. 17 - Greece's main unions strike for a second day to put pressure on EU leaders ahead of the summit which starts on Thursday.

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Further strike action to -- Greece this Thursday. Protest is one of the Greek government to stop austerity measures but summarizes our government has little choice but to push through cots in order to get its next strong -- -- austerity protests led by the country's main unions are designed to put pressure on you leaders ahead of the summit later on this week. Or so and I'll look ahead to Thursday investors will once again be watching Spain. -- selling benchmark ten year debt as well as three and four year bonds. This comes off to Moody's cut Spain's investment grade racing causing government bond yields to fall today to their lowest level since early -- line. While two year yields fell below 3%. For the first time in a month. Both Greece and Spain will be high on the agenda at a summit of European leaders beginning in Brussels tomorrow no breakthrough expected on Greece's bailout negotiations before the end of the week. The two day meeting is expected to focus on Herman van rompuy is ideas for making the economic and monetary union walked -- he says. With tensions expected between austerity weary from us and belt tightening Germany. And on the data from China will report third quarter GDP the economy full cost to have grown seven point four cents. Compared with seven point six in the previous quarter and Reuters poll showing 2012 growth likely to fall. Below 8% a level unseen since 1999. And in Europe the UK reports retail sales -- back in positive territory off or August's Olympics related slump. He corporate days routing Europe into the third quarter sales report from -- And Nokia expects to report another quarterly loss tomorrow analysts -- costing 320 million Euro operating costs lost. For the finish robot -- kept raising the stakes for its upcoming holiday season sales battle with rivals apple and Samsung. And -- beginnings and the US well get earnings reports from tech bellwethers Yahoo! to Microsoft as well as Morgan Stanley. That is all look ahead to Thursday and the problems -- points.

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Europe Day Ahead: Greece faces second day of strikes

Wednesday, October 17, 2012 - 02:06