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Europe Week Ahead: Data’s the name of the game

Friday, August 09, 2013 - 03:17

Aug. 9 - With August calmer, market focus is on good, old fashioned data: euro zone GDP, German ZEW, GB unemployment. Also, BoE mins and E.On and GlencoreXstrata earnings.

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Well it's back to basics next week with markets focusing on good old fashioned economic tanks -- -- -- things -- calmer in the Euro -- So here -- the big data points you need to watch out for first stop GDP. Most of the Euro zone countries releasing that second quarter results Wednesday Spain and Italy have already delivered. Without -- survey data suggesting they'll be out of contraction and into growth in the third quarter. -- how the rest of the year as in -- will be overall picture seems positive with the Euro zone as a whole growing. Young Dane Kelly had to -- such acts more investment management. Says the improving data coming out of Europe is down -- to practice. Opt out very deep trough the manufacturing cycle in Europe is now beginning to pick up we see this right across there all the countries in Europe. And the second thing that's happening is that of course a number of the periphery economies in Europe. Have been forced more or less into actually doing some reforms. Among all of the developed economies. Only the European periphery it really has actually done and a reform. And as some of the periphery economies we are now beginning to see the positive effects of these reforms coming through. As well as the GDP prince will get as -- W reading on Germany's economic sentiment wrote to Reuters polls predicting confidence will rise in August from a month earlier. Takes round this week showed surprisingly positive industrial orders and PMI is syndicating. -- substantial bounce. And -- -- on the corporate front energy company. UK six biggest energy providers. Have shot up 74%. Since a nine. Dwarfing inflation last statistic attracting criticism from politicians. -- the consumers' rising energy pills on Wednesday during court Xstrata releases its half your production reminding John has benefited from increased investor optimism recently. Traders cut that interest down to speculation and doing cool could be left as the dominant plan. In metals warehousing if US banks exit the space. And -- still make it to some crooks third quarter results -- down 28% at 278 million euros before interest and tax. On Wednesday we'll see more -- -- Bank of England governor mark comedies for guidance did you get what he wanted or did -- have to use has not count caveats on inflation and financial stability. To get his colleagues on board. Tony promises rates will stay at a record low of no point 5%. Until unemployment drops below seven cents at Wednesday's UK jobless figures. Will be an interest in watch as well market volatility likely if as sharp move away from the current jobless rate -- seven point 8%. A UK housing retail and inflation statistics. Mostly -- next week. On the -- fronts on Tuesday Italy hold the medium to long term auction little pressure as it's already raised 80% of its 2013 funding needs. And Germany comes to the market Wednesday with a trumps a ten year bones tending to raise four billion euros. And finally after performing naked in a controversial video for the marina Brockovich -- -- -- this week. Pop star Lady Gaga debuts her new music album. And MTV video music awards on Thursday. That's all right probably next week's veterans IMAX Acropolis is just.

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Europe Week Ahead: Data’s the name of the game

Friday, August 09, 2013 - 03:17