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Europe Week Ahead: Time runs out for Spanish banks

Friday, June 08, 2012 - 01:48

June 8 - Spain is likely to request aid for its beleaguered banks over the weekend. Economists expect weak economic numbers from China.

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Hopes for Central Bank action to help the global economy fade a lack of commitment to further stimulus from Bernanke's sends a chill through the markets. Shares in Europe oil and the Euro below. Some -- horizon that a bailout for Spain's banks is looking like measles is a Euro zone finance ministers will hold a conference call sap today. With a statement on Spain's aid request shortly off to its old business Fitch downgrade Spain three notches. Because of bank capital shortfalls some economists say the IMF's own assessment you Monday. May be too conservative. That could be the failing that maybe the IMF hasn't grasp the extent of the problem and is it is a little bit behind the cap medical says there's the big problem is it's difficult to see how. It wants Spain's banks have this injection of cash if they do get it. The economy is still incredibly weak we still have and unemployment. Increasing its difficult -- have Spain's banks comport themselves back on a profitable more stable footing in the short time. At least and that we have the bigger problem of course of a Spanish stats are a -- -- BI MF. Report is that it may well end up being a bit too conservative about just how big the problem is. Keep in line outside over the weekend too for some major economic news out of China fixed asset investment and industrial production dates are -- Many analysts thing that could be bad news heralded by an unexpected cut in rates Thursday. Analysts polled by Reuters expect China to deliver its weakest quarter of growth in three years in Q2. Will be watching to of course any reaction on the markets in the opening round of the French parliamentary elections. And when the present on -- socialist strengthen that grip on the levers of power. That is that effort must now but join us every day at this time for a look ahead of the events and to move markets and -- -- -- this is --

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Europe Week Ahead: Time runs out for Spanish banks

Friday, June 08, 2012 - 01:48