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Europe Day Ahead

Monday, April 30, 2012 - 01:41

April 30 - Spain's economy seen shrinking for two years; UK manufacturing forecast to falter; but Xstrata is watched for positive earnings ahead of its planned merger with Glencore.

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Protests in Spain of the weekend and a cellphone markets Monday as Madrid officially slips back into recession. But losses for the Euro and European stocks -- kept in check as the Spanish economy actually contracts less than full cost. Even so today's special than expected GDP numbers could be the last positive surprise announcement for awhile according to some analysts. Let the Spanish economy is it's very likely to actually be in a recession for the next two years at least. Simply because it'll -- -- -- of various a very -- -- culmination of a simultaneous deleveraging of both the private and the public sector at the same time. And we we should also not forget that the first quarter's GDP data now actually still not reflecting the full impact of the austerity program. Because the the budget for 2012 for the Spanish government but the only -- adopted at the end of march. To. Morris -- data point comes out of London and the man to -- a week off to the country officially return to recession. The manufacturing PMI index seen falling to 51 and a half from 52 point one a month early. Dampening government troops -- amount of fracturing led recovery. Bundles so the focus for tomorrow's -- earnings including numbers from BP. And -- it's the -- John hoping to emulate -- week's 11% jump in profits show. Rising oil prices like he to have helped the bottom line that I keep an Ohio except for numbers -- -- strong cycling course racing -- today he put composed of what's plant some pretty. In anticipation of positive news regarding its planned merger -- -- -- That is all Hamas for now but I do join us every -- this time for a preview of the trading day at Alex this is --

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Europe Day Ahead

Monday, April 30, 2012 - 01:41