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Europe Day Ahead: Earnings ramp up, Germany faces Ifo test

Tuesday, April 23, 2013 - 02:39

April 23 - Germany’s Ifo business climate survey could show further evidence of an economy slowing down. Earnings get into full swing with autos and banks in focus.

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Just how badly as the Euro zone's economic engine sponsoring -- they -- the release of Germany's. The key indicator is expected to fall slightly from march. The following today's big PMI miss further evidence that Germany is slowing down could strengthen expectations. ECB will cut rates next week so says BNP Paribas is -- -- It probably heightened expectations of an ECB unit cut. Certainly that's where the market's focus is at the moment if you look at the sensitivity of the -- to -- -- difference and it's picking up. Over the next couple of days. The self PMI is pushed German bond yields even lower the thirtieth hovering just above 2%. And tomorrow about in auctions two billion euros with a thirty year bonds. A big day for corporate earnings in Europe tomorrow as well what is savvy Allen looks still as gloomy thought or sim -- -- Peugeot says it's restructuring plan is to laid off for a court challenge. By unions have a closure of its only upon -- Paris the players will see the loss of 8000 jobs chief executive feeling good about. Is struggling to reduce costs amid a collapse in the European auto market. But for remembers results soon the friends from soon to announced plans to build more vehicles for diamond or alliance partner and -- Sam. After reaching a new deal with unions and -- executive Carlos Jones has success depends on winning back customers for its own brand. -- luxury car commercial truck business as a -- analysts see weaknesses of the German company. First quarter operating profit seen falling by apt one point 06 billion euros according to a religious -- Stay with the results European banks kick off that Q1 earnings on Wednesday on their -- -- cut costs is growth concerns continue. -- he's hoping to put a series of scandals firmly in the pos the British bank has been find 450 million dollars from manipulating liable. And it -- -- at the top a scene the departure of investment bank boss rich Richie and wealth management chief Tom Belarus. Credit Suisse also reporting to -- the Swiss bank has agreed to -- a private equity business Blackstone Group in a bid to bolster its balance sheets. And watch out -- numbers from Spain's bank yeah the nationalized bank. Has seen its -- replaced she says cease sewing off to consolidate and every 100 jazz into one that's. And Ericsson reports tomorrow the Swedish Telecom equipment -- is operating profit seen at three billion krona. Don't miss our interview with C yeah hands -- but thirteen 45 GMT tomorrow. That is ought to get to Wednesday. -- girls.

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Europe Day Ahead: Earnings ramp up, Germany faces Ifo test

Tuesday, April 23, 2013 - 02:39