Reuters - Video

Edition: US | UK | IN | CN | JP

Video

Europe Day Ahead: World watches Bernanke

Monday, July 16, 2012 - 02:18

July 16 - A look at Tuesday's key events including Fed Chairman Ben Bernanke's testimony to Congress, German investor morale, Goldman Sachs earnings and Kofi Annan's visit to Moscow.

▲ Hide Transcript

View Transcript

And look at you -- key events coming up but that's the headlines on Monday afternoon. Citigroup profit -- Q2 earnings down as credit crisis and Iraq assets continue to drag. US retail sales for a surprise contraction in spending has brought uncertainty impacts economic activity. And GlaxoSmithKline changes dale the British drugmaker will buy US Biotech company Human Genome Sciences for three billion dollars. We're looking ahead to tomorrow now and it's all about Ben Bernanke what would it take to make the Fed Chairman ease monetary policy further. Well the world will be watching -- -- when he presents his twice yearly report to congress. Chances are he'll say little more than was in the Fed's June policy meeting minutes released last week. The bar for more QE has been set high but as ever Europe remains the wild card that could change his mind. Little of major notes here in Europe tomorrow Germany's latest that EW survey said -- analysts and investor morale sinking further. -- -- tax poll of economic sentiment for O'Costa fall to minus twenty. That's on the back of its fastest pole since 1998. In June. In the UK the -- and inflation said to have stopped in June CPI full cost to remain out two point eight cents it's lowest in two and a half years. In Spain the treasury will issue between two and off and three and -- billion euros in twelve and eighteen month T bills tomorrow. Back in the United States another big day as ending season ramps up. Tomorrow the main focus is on Goldman Sachs analysts polled by Reuters expecting earnings per share of one dollar 29 on revenue of six point five billion dollars. Passed down from one point 85 dollars on seven point three billion in revenue a year ago. Other companies reporting on Q thank you Intel Coca-Cola Mattel and Yahoo!'s. In world news Russian president Vladimir Putin will meet UN special envoy Kofi Annan for talks on Syria. Heavy clashes have broken out between rebels and government forces in Damascus again today. Is the biggest on the deployment in the capital in the seventeen month uprising against president Passat. Well that's not look at did you stay below our show is on Twitter -- Reuters Insider I'm not for Stephenson and this is process.

Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code

Europe Day Ahead: World watches Bernanke

Monday, July 16, 2012 - 02:18