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Europe Day Ahead: Job cuts and earnings galore

Monday, October 29, 2012 - 02:06

Oct. 29 - Investors brace themselves for expected job cuts from UBS and a slew of corporate earnings from Europe and the U.S.

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A priest abuse starts the week here on equity markets is -- sandy bends down on the US east -- such shooters they expect a slew of corporate news especially from the banking sector. UBS expects to announce up to 101000 job cuts along with a quarter earnings the cup scene coming from its investment banking operations particularly its fixing some business. Deutsche Bank is seen saying third quarter pretax profit rose 13%. To more than a billion euros. -- out numbers from standard chartered BP and -- had a match right. In the US will have results from Ford Fries that was meant to report -- say but they delayed their announcement in November 1 -- of -- Earlier we spoke to CMC markets model -- lost him what he thought would move markets this week. We really need to look for ten from US markets this week. He's the -- payrolls report which is -- well. At the end of this -- -- I think that more than anything could dictate the future direction. Going forward full equity markets. Over the next few guns. Would also get a better reading on my health all of the eurozone economy tomorrow expect numbers on business climate economic industrial and services sentiment. Our Reuters poll suggests some of those in the case has worsened or at least didn't get any backside. In the month of October. In Germany unemployment is seen rising for a seventh month running in October by 101000. The unemployment rates expected to rise slightly to six point 9% suggesting domestic demand is not offsetting weakening exports. And in Spain what -- for preliminary Q3 GDP data set the Reuters poll suggests contraction of four tenths of a sense. Offer similar contraction in cutesy. On the political front German and French finance businesses will be gallery in Berlin conference entitled Europe off to the crisis. Along with WTO director I love me. European Parliament present Martin Schulz X Chauncey has had which made John Schroeder and former ECB president Joan Croat trichet will also be that. That's it from us well and this -- --

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Europe Day Ahead: Job cuts and earnings galore

Monday, October 29, 2012 - 02:06