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Europe Day Ahead: Siemens profits set to plunge 49%

Tuesday, April 24, 2012 - 02:50

April 24 - German engineering conglomerate Siemens is likely to announce profits down by more than half. The group may scrap its full-year earnings projection due to losses in offshore wind schemes.

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Today's headlines on Royce is North -- close to completing preparations for a -- you didn't test following last week's. Failed rocket -- sources say the test could come soon. I Greece's kind of -- getting in west central banks as the economy will contract might -- listen this here but even more than previously feared. Tenets of the markets Europe's deepening economic slump and resistance to government austerity measures keep us safe haven German bond yields near record -- -- John -- shouldn't you Wednesday will test Berlin's ability to carry on issuing debt. An exceptionally low borrowing costs -- selling three billion euros. In thirty year bonds yields on the Paper are also an historic -- of 2.4 percent compared with inflation running at two point one. Also Wednesday the UK is the first of the G-7 economies to release GDP numbers for the first quarter of the year. Economists polled by Reuters expecting thing growth of just 110 of 1%. A negative number would of course to bring back into recession off to the three tenths dropped we storm and lost three months of 2011. Europe seemingly intractable economic problems have been weighing on the Euro which is hovering near 131 to the Dolan just in a concert of seven investment management reckons the single currency. Is heading to Boston. The Euro needs to be needs to be on the some concern him that he is probably too strong and would weaken equally on the other side the vast. The come they come to -- -- -- -- the side of the deal sterling and Abdullah may be prepared for the -- -- they -- -- really rather strolled into parts. Your parents first quarter earnings season is in full swing and looking distinctly lackluster compared with the storming performance by many US companies. Credit Suisse takes over -- -- results by Swiss and German banks finance watches. I expecting Credit Suisse to slip into a loss in the first quarter net revenues for costs down 26%. And influential a Swiss investor group also wants the banks pay plan to be rejected a Friday shareholder meeting ethos a businesses no bonuses -- Ought to hide. And -- even gloomier news likely to emerge from the German engineering giant Siemens core profit for the second quarter. Set to tumbled by almost half to one point nine billion euros according to a Reuters poll. That report Siemens or scrapped its full year profit target because of losses in offshore wind projects. Al told with Siemens CEO Peter and Russia in the morning and with SAP's boss Jim -- -- -- ABBA office about both available on dot com. And incited app also reporting Wednesday ABB electronics parts of Smithkline Persia who Remo and prima. That is if and I look out each weekday -- Reuters today than it is world news I'm mark your headlines. And social media pulse lots -- problems this crisis.

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Europe Day Ahead: Siemens profits set to plunge 49%

Tuesday, April 24, 2012 - 02:50