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Europe Week Ahead: Draghi the warm-up act to U.S. payrolls

Friday, May 31, 2013 - 03:20

May 31 - With the euro zone stuck in the mire, the ECB meets on Thursday. But will Draghi act? Plus it's Mervyn's last hurrah, and payrolls Friday...

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We'll try to do what ever it takes next week. The president of the European Central Bank under pressure with unemployment hitting a new high and inflation still well below target. Process thousands of -- occupy protestors surrounded by on Friday to protect against policy makers handling of the crisis. The ECB meets on Thursday a Reuters poll suggests the Central -- won't cut its main interest rate from half of 1%. All cut the deposit rate to below zero a some when advocates and. I don't think he should these can be rushing into action to do -- you feel now I think that the bull is firmly in the course of government so I think. It's unwilling to the ECB will go for opening it to deposit rate. I think drug was trying to clear the way for that. Prefer the markets and Casey was necessary received a small tank can. Uptick in purchasing managers' indices. Some better surveys have chimney specifically. I think the ECB will will will six and its hands. The Bank of England also meets next Thursday in what will be met and kings last -- as governor at a time to growth in Q1 wanting the chance of more bond buying. Talking of dates of the final eurozone -- from me on Monday and Wednesday. Expected to be in line with -- estimates the manufacturing and services sectors both still contracting. British PM IAs could well be a vice slightly higher if so the manufacturing sector is drawing again just. Eurozone retail sales for April on Wednesday expected to issue another not point 1% decline in the month. Expected annual fall of -- point 8% would be the twentieth month of falling sales and a rule but slowest rate of decline in almost a year. On -- on Friday trade figures from the Euro zone's two largest economies France and Germany privacy posting another deficit Germany another -- plus. All what will be the prelude to US jobs figures on Friday which could determine when -- -- stuff to taper as bond buying. So she originally significant for the markets and all eyes on Fed Chairman Ben Bernanke. He'll be in Saint Petersburg for a meeting of G-20 central bankers and finance ministers. On Thursday and Friday. But he's unlikely to speak to the press. Just a handful of European culture is reporting that as we can have -- stopping. The Austrian -- make up really sees Q4 numbers at C you'll wanting. The full year sales will come in more than the previous yet. Analysts expect 20122013. Sales of eleven point six billion euros -- -- 12% from last year according to stop -- Club -- which is that the center of a 500 million Euro takeover -- course and some results. Shares extending gains above the proposed seventeen you know she had -- Trace this week. And it's saying some investors in the banks holding thumbs up -- for a better deal. Plus the cut for traffic figures from air battle and easy jet in Lingus and affronts. Not some look ahead to next week stay with Reuters. On Monday UK shadow chancellor Ed Balls joins us for a keynote speech -- and -- -- but how about life but ninth that -- team. I'm seemingly gave up this and Reuters.