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Europe Day Ahead: Central bank bonanza

Wednesday, Dec 05, 2012 - 02:19

Dec. 5 - A look at Thursday’s key events including rate decisions from the ECB, BoE & RBNZ, plus a French bond auction and Q3 results from Prada.

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This is our look ahead to Thursday's key events we start with central bank's three of them with -- interest rate policy decisions you tomorrow. ECB expects to keep rates unchanged a record low was and its loss policy meeting of the yeah. At his news conference later in the day present -- Draghi likely to maintain the bank stands ready to intervene in bond markets provided a request is made. By giving it also remind you to keep rates on hold economists polled by Reuters also expects in the bank to switch off its printing presses until early next yet. Finance minister George Osborne said today growth will be weaker than expected meaning painful austerity measures must be extended by further yet. Into 2017. And a -- Dominique Johnson of Somerset capital management says he's looking to politicians Robin central banks to take more action. We're expecting more than saying that we've got. -- there are some some of US on Central Bank combatants can be innings they've the next day a couple of days as well I think we're expecting it will cost of these in from the outside. There is going to be more the same. On the one of the things -- -- older people is of the politicians can summon a bit more aggressive about supply side reforms integration work market. How the Europeans can come together when it comes -- looking -- how they can -- regulate that banking union this is very important and the US can address the issue of the fiscal cliff. No change on the -- either for the young reserve bank of New Zealand economists polled by Reuters not seeing any rate increase that until at least June of next year. On the data from a revised Q3 GDP numbers you out of the Euro zone am German industrial orders expects to have rebounded in October. Off to September sharpest tool in a year. In six thing come from set to auction between three and four billion euros of bonds at 950. London time. On the corporate front third quarter results -- from the luxury brand Prada. Backing Q2 the Italian fashion house dismissed talk of a sharp slowdown in spending. On luxury goods -- posted a nearly 60%. Jump in profits. And Mo re releasing interim results Goldman Sachs last week reiterated its buy recommendation on the brand. Saying it's an on the depth penetration brand with top courts are tons vs its European this. That's ought to go ahead to Thursday IMAX the trouble is this for instance yet.

Europe Day Ahead: Central bank bonanza

Wednesday, Dec 05, 2012 - 02:19

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