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Europe Day Ahead: Markets want Goldilocks review from OECD

Tuesday, May 28, 2013 - 02:19

May 28 - When it comes to the OECD's economic review, markets are looking for a “not too hot, not too cold” outcome. Plus, the European Commission’s spotlight shifts from austerity to structural reform.

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The spotlight set to shift from a standard takes a structural reform when the European Commission president just economic recommendations tomorrow. France and -- you'll get an extra two years to bring them but just below 50% of GDP. But an exchange that tough to commit to things like pension reform and opening up closed markets like law health and railways. So video Holland's Portugal and Poland's also likely to get more time while Italy could be taken off the budget discipline -- -- Also released tomorrow that we CD semiannual review of the states of the world's major economies. But we'll show how far the eurozone has got to go before it is doing solidly again. Simon -- of all of -- securities says divisions may not actually be a good thing for the markets. Remember about. It is this tremendous support from central banks and effectively printing of money. That has been supporting equity prices if things would be too good too quickly and not -- be reined in causing stocks to full serve. Really looking for an -- of goldilocks and the scenario not that you -- nod -- cold. What's is that so self follows -- that we city summit in Paris this week tomorrow he'll be bringing you interviews with some of the key participants. Including we seedy sex trade general uncle Claudia. On the data front Germany's jobless rate expected to hold a total of six point 9%. But the number of people out of work. Forecast to rise a -- 5000 after April's double expectations jump. Expect German I know inflation to edge backup to one point 2% -- the falling to its lowest level in more than two years in April. And fixed income Italy's bill auction tomorrow the second of a trio of debt auctions from Rome this week that comes that's an interesting time. Spanish yields rose at auction for the first time in three months in the past week on that a signs that at ten month fall and professional eurozone borrowing costs could be joined to a close. Finally Athens has set a Wednesday deadline for binding bids to buy State's natural gas company desktop. But the privatization drive that was a key parts of DC's debt cutting drive is falling far short of expectations. Not some look ahead to Wednesday I'm -- we gave up. -- -- --

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Europe Day Ahead: Markets want Goldilocks review from OECD

Tuesday, May 28, 2013 - 02:19