Europe Day Ahead: U.S. jobs numbers – hope but no respite?
Thursday, May 02, 2013 - 02:21
May 2 - Traders both sides of the Atlantic will be hoping for better news from U.S. non-farm payrolls on Friday after a slew of recent sluggish data. Elsewhere RBS and BNP Paribas report earnings.
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And of the weakened US nonfarm payrolls will be in focus traders from both sides of the Atlantic jobs numbers. Expected to have increased by 145000. That's according to a Reuters survey of economists. -- jobs increases stumbled to a nine month low of 88000. Manufacturing growth in the US has also slowed twelve cold London capital -- necklace -- what. For the reaction -- that you maybe can fade if the market views as an opportunity to fighting so that the market. Because it gives a much better indication of the of their underlying sentiment in that market so I -- -- -- of the with the guys we've been so into. A different looking fall profit taking rebels. Having having seen -- try to go on for so long. Hopefully I believe the reaction to it is as simple as a figure itself to. Here in Europe the focus will be on producer prices ECB today capping rates in Europe -- no point 5%. The move coming as economic data over the cost a few weeks -- shown growth prospects don't make. Here in the UK services PMI data expected to show no change. Construction data to date showed a slight contraction in the sector but much less than an April. Banks in focus tomorrow for running UK taxpayer and Royal Bank of Scotland two reports first quarter figures the FT today saying UK finance minister George Osborne. Will be looking to sell public shares in the bank before the next election. Even if the share price stays below the levels at which they will force and BNP Paribas Q1 numbers and -- you tomorrow. The French bank expected to make it 200 million Euro gain from selling -- of portfolio held by Belgium's bad bank royal park investments. That's according to a report in French newspaper and -- On choose today was -- tomorrow insider exclusively interview south African finances -- Gordon. Gordon said earlier this month the country's Central Bank has done well to balance economic growth. And the need to create jobs in its policy decisions. And tomorrow CC's world press freedom day being celebrated on its twentieth anniversary. The UN adopted day remembers those journalists who have died across the world more than 600. Have been killed in the last ten years. That's a look ahead to Friday don't forget to check out now quirky take on the aging population time -- facing Europe. I was on the inside platform.
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