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Europe Day Ahead: Spotlight on BoE minutes, jobs data

Tuesday, August 13, 2013 - 02:56

Aug. 13 - Recent Bank of England forward guidance means the market spotlight is firmly on the latest UK jobs data on Wednesday. Plus, a raft of European GDP data and a production report from Glencore Xstrata.

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Five things to watch -- -- Wednesday and Alamo economy is -- interest rates to unemployment the jobless rate has become the UK's most closely watched a piece of data set. Tomorrow what Charles to check -- out rate stands. When it full closer to 7%. The rate at which the Bank of England will consider raising rates not likely according to Reuters poll June's reading full cost tremendous seven point 8%. Royce Trent Williams one of those who think the UK economy isn't quite as vibrant as some suggest. -- you and recovery is still a slow one. It still has sent output gap in my view of still hover around -- extremely well on the quarter to send concerned. I can tell that I just looking at -- unemployment rates he has poor productivity performance probably of course because of the success. Of growing employment. And so guests are seeing that -- argues aren't we are now on to. Basis that's very strong recovery process just no true regional it I think we are on a recovery cost. But it remains one that means I'm careful nurturing. The BOE's new plan puts market spotlights on its policy meeting minutes as well investors watching for any signs. Of discord among the nine strong committee how convincing was Connie was the decisions Detroit -- guidance marginal or less than unanimous. Won't be revealed at 9:30 London time tomorrow morning. GDP data June from no less than eleven European countries on Wednesday euros -- numbers -- you expected to show a return to expansion across the currency bloc. That would bring to an end -- six consecutive quarters of contraction. Unsurprisingly that growth like -- to being concentrated in the -- nations. But while figures last week for me some in Spain shall still showed falls and outpost. There was signs of improvements and their signs and other peripheral nations are starting to export my way out of trouble. Cabinet company announcements of night doing -- -- -- it's fess up production report tomorrow at seven UK time that's ahead of next Tuesday's half get a results. Many of the company's big ticket mining projects previously held by strong so are under review by the UN and is including its copper gold project in the Philippines. I'm bout will be T reports results the British construction firm reporting a 7% -- profit loss courtroom continued weakness and it's cool UK and US business. The UK government is trying to help the sector -- various stimulus plans including the new help to -- scheme announced. Back in March finally Israeli Palestinian peace talks set to resume in Israel with further talks expected later in the West Bank. The first talks in three this begin under a cloud go off to Israel announced plans to expand Jewish settlements on land the Palestinians seeking. That's part of that states. That's Soledad there Wednesday Imus problems as far as.

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Europe Day Ahead: Spotlight on BoE minutes, jobs data

Tuesday, August 13, 2013 - 02:56