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Europe Day Ahead

Thursday, June 06, 2013 - 02:06

June 6 - A look to the close of the European markets and a look ahead to the next day's trading, as well as what to expect from the Asian markets overnight.

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Friday's main events is of course US nonfarm payrolls with the Fed linking policy explicitly. To the employment right Friday's payrolls will be key facts out. In determining when to start tapering QE a Reuters poll shows the situation. Improving slightly with 170000. New rose in May up from 165000. In April. The jobless rates is expected to remain unchanged at seven and a half percent. Markets expects to tread water until then Matt said Barclays will Hobbs believes the -- monitoring punch bowl may be about to run dry. We'll see the equities -- continue a while longer. We have been expecting a pullback for sometime but strategically we still think the direction of the markets as output you have for us. We don't worry too much about that QB being removed because. It -- to -- -- -- -- -- punch bowl party analogy we think it's possible to to have a good time -- you know. Unlikely though that might sound you know he's XT markets for us and found that on almost solid foundations and just monetary policy. Industrial output growth from Germany's powerhouse in -- in April down from one point 2% growth in March. Export growth also seen contracting from five tenths of 1% in March. To -- point 2% in April the dates are likely to put a damper on -- -- hopes the Europe's largest economy is returning to growth. And German trade balance -- expected to show us episode seventeen point two billion euros down from march's seventeen point six billion. The UK's trade balance meanwhile scenes showing an eight point 8% eight point eight billion. -- pound deficit for April. That's an improvement on march's deficit of nine points or six billion pounds fronds or so choose to report trade numbers on Friday. Comical or from German airline of times updates on its restructuring plans at a major investor meeting proposed cost counts. Of one and a half billion euros of along already rested unions strikes over pay of almost grounded the airline twice this year it. Pat -- had to Friday's key events matchup problems for us.

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Europe Day Ahead

Thursday, June 06, 2013 - 02:06