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Europe Day Ahead: ECB to sit tight and wait for recovery

Wednesday, June 05, 2013 - 01:52

June 5 - ECB President Draghi is likely to resist pressure to ease policy - preferring instead to wait for more signs of recovery. French President Hollande travels to Tokyo to learn about 'Abenomics'

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So we'll try to do whatever it takes to get Europe's faltering economy back on track the president of the European Central Bank under pressure with unemployment. Hitting a new high and inflation still well below target a Reuters poll suggests the central bank one cut its main rate from eagle point 5%. All copper deposit rate to below zero a some advocates. I think probably it's gonna be an attempt to. So I guess encouraged. Confidence you try to support competence for investors to realize that things are getting better albeit slowly in Europe. -- but also probably to emphasize that -- in Japan. And what we really need to see is more pressure more emphasis on reforms because that's what's gonna drive growth. In the long term the night. Of England concludes its suit made me sing in what will be moving kings lost -- governor Britain's economy appears to be on the -- service is growing much Fossum and expected in May. And you business increasing and it's crosses race in over three years. All of out of it prelude to US jobs figures this Friday which could determine whether the Fed starts to take respond buying so hugely significant for markets normalize on the Fed. Chairman Ben Bernanke. He'll be in Saint Petersburg for a meeting of G-20 central bankers and finance ministers the focus like -- to be on finding tax invasion by multinational companies. First president Francois long travels to Japan hoping to close deals on nuclear cooperation and aerospace resorts are keen to learn more about op and all of next. Promised -- are they spending -- to -- growth to see what lessons could be applied at -- frauds. -- -- traffic data from three of Europe's launches low cost airline easy jet and Berlin and the up and coming Norwegian Nash chuckle. That is it sat Soledad the first -- Imus problems problems.

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Europe Day Ahead: ECB to sit tight and wait for recovery

Wednesday, June 05, 2013 - 01:52