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Europe Day Ahead: ECB is star of Thursday’s show

Wednesday, May 01, 2013 - 02:59

May 1 - Will the widely anticipated rate cut from the ECB come tomorrow? Italy’s Letta does the rounds, plus earnings from Siemens, Shell, BMW and Randgold.

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Thursday is on the week's main event the European Central Bank meets in Bratislava for its rate decision. -- economy weakening further. Meaning a rate cut -- widely expected from the Central Bank 43 of 76 economists polled by Royces. Predict accounts of its main refinancing rate by 25 basis points markets watching for more unconventional measures in future policy decisions his -- travel Williams. Over the coming months -- the situation for Sunnis -- -- -- the pressure from slow growth begins to increase and delighted to want to do. More unconventional message rather than just moving in the -- free Cyrus. And another Roth of numbers indicating just which direction the Arizona is heading in manufacturing PMI so France Italy Germany and the Euro zone out in the morning. Last month's reading showed manufacturing falling into deeper declines and fears raised the downturn could intensifying. In Q2. Meanwhile the UK construction PMI numbers for April -- recovering slightly. And usually cold weather or along with sluggish to mom pushed last month's readings lower than expected. With the UK just missing a triple dipping Q1 construction output is likely to improve a little. Back in Europe the debate over austerity drags on Italy's new premier and Rico and let them meets EC present Manuel Barroso and Brussels during a tour of the eurozone. That's -- -- German counterpart Angela Merkel Tuesday that Europe needs more growth. And comes to Brussels fresh from a visit to Paris he's likely to find a more sympathetic -- in mr. Barroso. Who lost reset austerity could reach the natural limits of popular support. Will be streaming that news conference line opponents signed up as 714 London time. In corporate -- kind of earnings for investors again their teeth into investors expecting -- 13% drop. In Q2 core profit Siemens. The German engineering conglomerate has warned it's being hit by problems -- railway technology and power transmission operations predicting. A tight squeeze to -- profit goes to 2013. Shell's numbers also out tomorrow the Anglo Dutch energy John has beaten France has ten top from multi billion dollar project. To develop a tricky gas field with Abu Dhabi national oil company. And BMW also expecting a drop in profits the German luxury automakers Q1 profit seen down 14%. Its sales chief warned of normalizing growth figures from China where the company had sales growth of 40% loss to. Don't miss our interview with ground -- the I was the gold miner reports tomorrow that's live on inside or 845 mountain time. I'm finally playing -- completes its long awaited merger with -- structural Thursday commodities giants' thirty billion dollar takeover of the mining goes ahead -- an agreement with Chinese antitrust authorities. Was reached back in April. -- course to set a five point two billion dollar mining project to ease it shed on -- That's a look at the first thing.

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Europe Day Ahead: ECB is star of Thursday’s show

Wednesday, May 01, 2013 - 02:59