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Europe Week Ahead: Pivotal EZ crisis court ruling

Friday, September 07, 2012 - 02:25

Sept. 7 - Germany's Constitutional Court rules on whether the euro zone's rescue fund, the ESM, is legal or not. Most observers expect a positive verdict - but one with conditions attached.

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European stocks trimmed their gains off to weaker than expected US jobs numbers yields on peripheral eurozone government debt fell further as investors welcomed the ECB's latest combined land Spain's below 6% of the the first time. Since may the Euro reached its highest level since early July the US state to give me another blues in the currency awesome marriage rights to -- announcement. On bond purchases. Coming up next week -- Germany's constitutional court rules on the legality of the European stability mechanism. The SMS firepower is vital of course to -- drying these grand plan. To buying government bonds even in the face of opposition from the Bundesbank most observers expect a positive verdict. The one with conditions attached. We get a -- that's that's going to be an absolute mess because I think every indication we've had up until this point if from the finance minister in Germany is. You know the government coming in Iraq on the knuckles early in the day yes he'll be -- through because of course. At the core of a lead and in the begin Draghi clown -- society that Spain or others must ask for help on the most like to ask for help from a vehicle on the SM about vehicles not there. The drug plan isn't that the Fed's hand may. -- forced -- those weak US jobs numbers the FOMC announces its policy decision Thursday and it's now more like you launch a third round upon purchases. But not economists agree Ashraf idea city index has married drank he's reassurance of the markets may have done enough on both sides of the Atlantic. I'm Mario dried deal was by his stat -- from this -- able to. -- to press the trigger to pull the trigger. So that and the conditions around a global equity markets are not that bad enough in order for both central bankers to pull the trigger. Both at the same time. The Netherlands -- to the polls Wednesday at the election is shaping up as a close contest between caretaker prime minister mark Brooks as pro -- liberal policy. And left wing Socialist -- opinion polls suggest around a third of voters are still undecided. A deluge of data out of China on Sunday could confirm investors west is the world's second biggest economy. If so the downswing will have stretched into a seventh straight quarter. Leaving global markets had no response from Goodman. That's it's an -- problem this is sources.

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Europe Week Ahead: Pivotal EZ crisis court ruling

Friday, September 07, 2012 - 02:25