Europe Day Ahead: Oil bills, Swiss blues, African adventures
Monday, February 04, 2013 - 02:18
Feb. 4 - BP tots up the cost of another wild year, UBS is seen heading into the red, and Europe asks where France’s Mali adventure is headed next.
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This is -- look at Q states keep political and financial events. Another big day for earnings season BP take the top billing complicated when it taken off the selling off assets and bailing out of -- Russian joint venture. -- also looking to see if it's any closer to settling its legal liabilities over the 2010 Deepwater Horizon disaster. Also keep an eye out for number us from BG group on holdings Munich -- do you PX the Swiss francs in swinging to a loss of around one point six billion euros. UBS weighed down by restructuring charges after announcing 101000 job cuts during the quarter. Eurozone PMI numbers today's big data released. -- is the best that can be hoped for according to economists polled by Reuters retail sales figures also likely to be mixed. Down on the month but up on the -- as the full cost that. Services PMI is also -- for the UK that number expected to edged closer to the key fifty point level. But caution is creeping and offered downside surprise in today's construction numbers. Sentiment on the UK also sent to be tested and an auction of inflation linked debt sale comes as benchmark yields continue a six month uptrend. Despite the weakness in the UK data at least one former policy maker says the UK needs to stop thinking about how to withdraw stimulus measures. The weakness of the panel that we've seen. The last. Few weeks -- Seinfeld is here. Is an indication of the markets I'm sort of concerned. And don't have as much confidence they don't suit in the UK's ability to maintain low rates inflation. So do we do need to stop playing the exit over a period of time from these very low interest rates policies and should be -- gradually. Keep -- I'll Brussels tomorrow to EU ministers meet to discuss next steps in -- as French forces continue to pound rebel positions. The intervention being held as a success so far but there's wariness have a watch exactly Paris is getting dragged into -- French president profile on addresses the European Parliament on the same issue tomorrow. Well I thought look ahead to Tuesday's market moving events I'm Nigel Stephenson bass it's --
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