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Europe Day Ahead: Tuesday

Monday, February 06, 2012 - 01:51

Feb. 6 - Athens again fails to strike a deal with bondholders, but says the real deadline for an agreement is any time before a meeting of euro zone finance minsters expected to take place later this week.

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Another day another missed deadline shares -- the Euro had Lara is -- again fails to agree terms with private bondholders. Athens now trying to reassure investors saying the real deadline for a deal as any time before the next meeting of Euro zone finance ministers. That's still no time or date cents about meeting but it is widely expected to happen later on this week. But for many market -- as the debate is no longer about whether Greece defaults but what happens when it does. Very clear from what the the bond market in Greece is doing that certainty Foote has ordeal Kurds the question is what type of the foot so we gonna see. Whether this is gonna treat here the CD yes that we think it will we don't think that's. The prosecution rights would be high enough. To reach a satisfactory deal. There's another busy week for European outings that France BP Glaxo and UBS sold out tomorrow. Steelmakers in focus to with the numbers -- from will -- arsenal Mittal. Analysts are looking to see whether or -- have ever seen strong share price gains over the cost yet. Can produce results to match keep it on Xstrata -- earnings due out but analysts really waiting to hear what premium playing -- sent a after the mining company. Germany's industrial output numbers the key bit of data tomorrow with -- December figure seen edging higher but staying in negative territory analysts watching for positive surprise though. Off to today's industrial order numbers easily be full cost. Watch out for more from German Chancellor Angela Merkel as well today she took to the podium with French president Nicholas Sarkozy to -- Athens. The patience was running thin in Berlin and Paris tomorrow she's due to say about her thoughts on nothing less than the future of Europe. That's in a speech at 7 PM in Berlin. That is all from us for now but join us every day at this time for look at the trading day ahead -- the problems is Rollins.

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Europe Day Ahead: Tuesday

Monday, February 06, 2012 - 01:51