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EMEA Week Ahead

Thursday, April 05, 2012 - 04:06

April 5 - A look at the key events taking place next week including the start of U.S. earnings season, China Q1 GDP, return of the euro zone debt crisis and Syria's peace plan deadline.

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The -- says -- off the -- -- US jobless claims -- the number of Americans claiming new jobless benefits dropped to the lowest level in nearly four years last week. The Bank of England stands pat no moved from Britain's Central Bank loan rates or monetary stimulus -- the economy stumbles back to growth. And food inflation back on the agenda prices rise for third straight month in launch driven by gains in grains and vegetable oil. But he had to fry it and now most markets closed for Easter but a key piece of data still set to be released nonfarm payrolls expected this show. The US economy not stop a full month of solid jobs growth in March this would dial -- the need for the Fed of course to offer any more monetary stimulus. And rages Reuters survey -- economists expecting 203000. Jobs to have been added last month. I would mark for longest stretch of gains topping the 200000. Mark since 1999. Chief global strategist at city index Ashraf lighting things the number will be in line with consensus. The big. Issue is that what happens. -- if we surprise on the downside if we surprise if we go below 150 let's say will that's. Will lose that to be a good. I would. The good for a four US equities because that means that the that the Federal Reserve will have to do more. And it would be in line with Bernanke's speech on labor markets. So I think there is a very good chance that Nat Nat fry gay might be a positive before the US dollar. Looking ahead to next week now fairly quiet week for Teddy -- and economic events here in Europe the focus will once again beyond. The Euro debt crisis flaring up again gem on prices aren't three week on his. A Spanish yields approached levels last seen before the ECB flooded banks with cheap three -- funds. Back in December lighting says this'll keep the -- under pressure. And if the Spain does not play bowl if it actually does not deliver the required austerity. -- -- will weigh in the Euro and if the same time we see further signs of -- pick up in the US economy. The yield differential approach the US vs -- story will help US yields and will also be another reason to wait on the Euro. And we know that when the when it when the Eurostar to be hurt and that it will also a joy ride off. Yields and it will start to need to a complicated. Auctions in the eurozone even if that is stemming from good news. And the. United States. -- -- are we watching growth numbers out of China next Friday first quarter GDP expects to have slowed to eight point 3%. Down three point nine in Q4 loss here although economists widely expect China's 2012 growth will be the weakest in a decade. A more pro now -- slowdown would put a drag on already shaky global growth. Funny season kicks off in the US next week the big names reporting early into Google on Thursday and JPMorgan on Friday. Goldman Sachs advising clients by Google's troubles ahead of the report historically they found unusually high profitability patton's. From this strategy. JPMorgan EPS for costs dropped to a dollar fifteen a share from a dollar 28 -- year idea shares in the company fell 22%. -- yet. Other events of -- British prime minister David Cameron heads to Japan. Back home his approval rating has tumbled to its lowest since he took office off to two weeks in which policy gaps and the funding scandal back -- -- -- The Syrian government faces a Tuesday deadline to partially implement Kofi Annan is peace plan. A spokesman for Annan said today Syrian authorities claim to have started withdrawing troops from three areas as part of the plan. And Iran will meets with six well palace Friday in on Istanbul Baghdad for a round of talks over Tehran's disputed nuclear program. Concerns over disruptions to Iranian oil supplies are pushing the price of oil highlight to date that is -- look ahead beyond week ahead. -- -- -- --

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EMEA Week Ahead

Thursday, April 05, 2012 - 04:06