Reuters - Video

Edition: US | UK | IN | CN | JP

Finance Videos

Europe Day Ahead: German shoppers hold their nerve

Thursday, October 25, 2012 - 02:01

Oct. 25 - Gfk's consumer confidence barometer is expected to remain at 5.9, as German shoppers continue to benefit from low unemployment and higher wage deals.

▲ Hide Transcript

View Transcript

Coming up a look ahead to Friday's key events that first the headlines. Britain leaves recession with the strongest quarterly GDP growth in five yes. But WPP's Martin Sorrell says companies are exceedingly cautious about the future after September slowdown. It's very different 2008. Corporate balance sheets are very strong two trillion of cash. Sitting on -- balance sheets relatively -- leveraged government balance sheets is still stretched consumers balance sheets about -- out. The overall picture is better at ten CG UC unit as a result this morning which -- good so I think in the mass consumer area it's -- -- But there's still a degree of caution now that. I'm Credit Suisse announces a -- billion dollars of cost cuts after reporting a 63%. Fall in profits for Q3. What's heading to Friday now tomorrow's big piece of data is US GDP -- to grow it's an annual rate of one point 9% in the third quarter. And expecting consumer spending could explain tomorrow's -- is but it's unlikely to be enough to bring down high unemployment anytime soon. In other dated German consumer confidence is set to hold steady the JFK barometer is expected to remain at five point nine. A shoppers continue to benefit from low unemployment. The high wage deals. On the corporate front Ericsson reported Q3 results with core profit seen down 46%. Join us at 11:30 tomorrow morning will be interviewing CEO comes best back. And finally Microsoft launches a double attack on apple tomorrow when it releases windows eight and his new set this tablet. IPad challenger will be sold only through Microsoft's and stores on the website we backcourt is on the US web site suggesting strong interest. Bless -- -- heads to Friday. I'm Nigel Stephenson this is Reuters.

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

Europe Day Ahead: German shoppers hold their nerve

Thursday, October 25, 2012 - 02:01