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Europe Day Ahead: BASF, WPP take the economic temperature

Thursday, April 25, 2013 - 02:40

April 25 - Gauging the health of the global economy with results from BASF and WPP, German import and export prices and French consumer confidence. European markets watching US GDP and the Bank of Japan closely.

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The European any season in full swing next stop the world's biggest -- WPP. -- -- bumper 2012 driven by the London Olympics the firm is expecting a Watson 23 team. Due to a lack of major events but -- CEO -- Sorrell has said being courage again to 2012 continued into this thought of this yet. We will be talking within a 7:50. London time tomorrow morning. Other results from Europe to -- -- chemicals giant BASF reports first quarter adjusted earnings plus we have numbers from -- towel ma'am and BB BA. The Spanish banks Q1 profit seen boosted 65 point 2%. By the sale of its Mexican pension front so how is the European earnings season shaping up. Depends on when you -- -- CMC markets Michael Hughes. You can IE and earnings of pain you know for failing kids. Possibly think that probably stay in expectations. In Europe I think the advocates like why that is fully domestic belonged in Europe is continuing to. Really. Erode margins. -- the ability of companies to generate profits the companies that are doing well are essentially those companies they're exposed to the Asian markets. A relatively quiet day in Europe economic data tomorrow Germany import and export prices expected to reform and in March. And French consumer confidence holding steady in April on a Central Bank from tomorrow -- lines on the Bank of Japan which is expected to reiterate its pledge to get inflation up to 2% within two years. New governor how to -- could order has promised to reject -- one point four trillion dollars into the Japanese economy. To achieve that goal there is no doubts in -- sincerity but so many observers say it's an unrealistic target. Friday's big number of course as the USQ one GDP -- world's biggest economy seen expanding at a 3% annual race. -- disappointing and 2012. Already that market is starting to put more -- signs that momentum is waning. And Q2 maybe week. The markets because tops of two I realize that we've reached that that this weakness for -- could speed up. Street Overton two -- Q3 and this is mainly due to their fiscal it is going to drive. That is if he spoke -- -- now being in the US -- -- -- picking up and you the economy but also. Confidence. Finally it's cold day in London tomorrow will be of the investor event bringing you the latest on gold and precious metal mining company is. So join us now on Reuters -- that's -- look ahead to Friday. I'm troubles.

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Europe Day Ahead: BASF, WPP take the economic temperature

Thursday, April 25, 2013 - 02:40