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Europe Day Ahead: Franco-German deficit duel due

Monday, May 06, 2013 - 02:53

May 6 - Industrial data from France and Germany is expected to bring more bad news for the euro zone on Tuesday, as finance ministers from both countries are due to meet in Berlin.

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Germany and France and focus tomorrow as worrying dates -- continues to seek out of the eurozone German industrial orders top of the -- Reuters poll. Of leading economist sees mom for a month contraction quite tenths of 1%. That's compared to growth of 2.3 percent maple. German and French finance ministers meeting in Berlin the 25 German German -- finance. And economic council but -- g.'s constant pressure he says few will be holding their breath. I think yes there's a lot of tension there they will only get an a -- exchange of views on whether they should be more sturdy weather should be more growth. Really clear cut conclusions I wouldn't expect them. Fronts also releasing key trade date set estimates that offer contraction in an industrial output of -- point 3%. Trade balance figures source are seen down France's Central Bank full costs last month. That the Euro zone's second biggest economy narrowly averted recession in the fast -- unemployment also at an all time high. Elsewhere in Europe UK due to report monthly retail sales growth in the key economic sector slowed last month despite a boost from an early Easter. British complaints about the weather on usually spots on an industry trade bodies said unseasonably cold weather tomorrow for some clothes and shoes. Banks in focus for Tuesday's earnings -- leading the way. Credit Agricole reporting first quarter profits off the loss week being -- to exit the British gas market so general so reporting Q1 earnings. It's looking nervously at Russia invest is urging the bank to cut its losses on an estimated four billion Euro bets on the country. And an under pressure Ross bank. And it gently collapsed bank reports first quarter profits as well inside it takes an in depth look tomorrow morning at how the German bank. -- its French players according to start Monday so that's at six GMT. In world news London's -- to hold a conference on Somalia tomorrow in aims to bring together all the disparate players infractions including -- present Hassan Sheikh -- A suicide bomber killed at least eight people on Sunday off for a problem was decimated in the Somali capital Mogadishu. That is according to officials quick summary of what else is in store this week. Yeah -- -- begins its annual visit to the UK on Wednesday due to report its findings on the UK economy on May twenty -- Or so and you kept policy decision you from the Bank of England Thursday that trade is. Are reducing bets on any fresh stimulus measures meanwhile G-7 finance ministers and central bankers meet in London at the end of the week tax -- The official agenda rights into the meeting. Is likely to see the next round of the austerity -- growth debates but it that was a wealth strategies special from the US. And if so how investors -- regional companies paying high dividends. And all the ones that can helpful. That's on the platform right now. I'm so hopeless.

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Europe Day Ahead: Franco-German deficit duel due

Monday, May 06, 2013 - 02:53