Europe Day Ahead: Growth gloom and a big bill for BP
Thursday, November 15, 2012 - 01:48
Nov. 15 - Growth gloom mounts on euro zone data and rising oil prices, while BP faces a record penalty over the 2010 Deepwater Horizon oil spill.
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The eurozone slips back into recession oil prices such as Israel's conflict with Palestinian militants would set to escalate. And China is conservative new leadership -- and hopes that economic reform. A grim day for growth hopes adds up to another down day for European risk assets. Today's flash GDP number is confirming that the Euro zone economy is contracting again. And upping the pressure on policymakers is to deal with the debt crisis no sign of progress on last court today that. The European Commission saying agree can't -- -- out of the question while an ECB policymakers says. That has to be part of the onset or line is now on next week's Euro group summits. BP and focus as it faces a record breaking penalty over the deep water horizon oil spill. Analysts say even that may not be enough to draw a line under the crisis for the old job. The reputation -- coming up BP has suffered is something that's not going to go away for our for a while 3COM. Uncertainly the fact that we've seen a huge much about the selloffs by BP has -- us and share buy packs which of all this they helped to underline. On underpinned the EPS problem that got -- dilation. I think in some ways we're going to be finding it difficult to retake those levels we saw before the Ellis felt. No major days -- tomorrow off to today's deluge of GDP figures and the earnings calendar looks pretty -- as well number as -- from the London Stock Exchange. Trade is waiting for signs of progress in its attempt to take care of Al CH clarinet and household goods from ankle may shrug off weak consumer -- on. Analysts polled by Roy to see the maker of personal posting a 15% jump in earnings. That's -- must now but join us everyday at this time -- look ahead of the story sentiment the markets. -- -- -- -- --
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