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Europe Day Ahead: Draghi in Slovenia

Wednesday, October 03, 2012 - 01:46

Oct. 3 - Two central banks in focus on Thursday. No change in policy expected from the Bank of England or the European Central Bank. Mario Draghi will be centre stage at his news conference in Ljubljana.

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And that does that take coming up a first the headlines continued headwinds for the Euro zone. PMI figures showing the reason services sector remains mired in recession eurozone PMI well below the sixty -- And -- index -- to an end to -- them. Forty points and wasn't in -- corporate tax revenues falling by almost two thirds from pre crisis levels. That's as more businesses seats take advantage of tax benefits when they expand abroad. But he had to samarra Spain's economy Minnesota -- the game notes will be in London surprised the country's newly formed bad -- to invest us. Still no formal request from Spain for -- of course you know yet anyway earlier we lost HSBC private -- state senate house Spanish equity should play out. Outlook for the -- kind of for the Spanish market as a whole -- We believe that says that he wishes to reflects all of this bad news already. And and -- further downside then should should should be fascinating and that's it. To central banks to rate decisions tomorrow the Bank of England will probably keep rates on hold. At a record low of Hoff took a sense and it's QE program at 375. Billion pounds. Then 45 minutes later the -- European Central Bank ECB will announce its decision. The Reuters poll of economists syndicate the bank will also hold its main interest rates at historic low of three quarters of a two cents. Or attention on bank she'd marry Draghi. I'm what he says about Leo and team bond buying program -- to get will be talking with the David Riley from fish at 11 o'clock tomorrow. We're also global head of sovereign ratings if factual errors raising pounds Spain. That's it -- look ahead to tomorrow's matchup problems runs.

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Europe Day Ahead: Draghi in Slovenia

Wednesday, October 03, 2012 - 01:46