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Europe Day Ahead: Inflation, Egypt-watch, day 2 for Carney

Monday, July 01, 2013 - 02:42

July 1 - Day 2 for new BoE boss Mark Carney. UK construction PMI hot on the heels of today's sizzling manufacturing report, plus Euro zone producer prices the main data points. And more Egypt protests likely.

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So look ahead to Tuesday and it -- -- at the Helm for you Bank of England governor mark -- Minutes from the last financial policy committee meeting you. The eleven member -- PC gained legal powers to set capital requirements of findings in April off the operating on an interim basis for the last two years. And just last month that ought to fight -- today's fifteen billion pounds of extra capital. Tommy's first day was a good 1 PMI figures for June so the UK manufacturing sector growing at its fastest pace for more than two years. Tomorrow we'll get the construction PMI more growth expected that suit. Even sold -- feel good spot so it won't lost and -- Bank of England will inject more quantitative easing stimulus into the economy so says you keep. -- The real. Unknown here is what Mark -- he's going to do is this going to be good enough for him so it. Our base case scenario here at BNP Paribas is probably going to be. You'll probably be aggressive and activist and we'll probably get more easing down the road so despite these numbers we don't think it changes out hopeful for mark on. In the eurozone get the latest measure of producer price inflation for May the pace of deflation on the month expected to slow meaning no change in the final race. A week inflation I would could help give the European Central Bank -- to es policy maybe cup race in the coming months and perhaps even starting on Thursday. On the corporate front UK online -- trouble publicist who you offend those set to make -- -- -- annual pretax profit for the first time since its inception. Thanks to the tie up with supermarket chain Morrison's. Plus drugs giant Sanofi is expected to present his latest plan for a reshuffle of us on the operations and fronts. Double envisaged far fewer job cuts none of originally thought. And in -- -- -- -- come off -- Sunday is must volleys but the headquarters of the ruling Muslim Brotherhood -- sides. As president Mohamed -- refuses to engage with the test those. Protest organizers have given him a new deadline of 5 PM and choose me to quit and call elections all face a new wave of protests and demonstrations. Here's the EBRD's sad view on what's next Egypt. It's difficult to envisage. A fresh parliamentary election -- presidential election in the current few months with the kind of fluidity so for the not to help them I think you need to house of before about some sort of a consensus on the process itself. And that's a look ahead to Tuesday I'm Jamie -- but this ability.

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Europe Day Ahead: Inflation, Egypt-watch, day 2 for Carney

Monday, July 01, 2013 - 02:42