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EMEA Day Ahead: IMF turns up the heat on Osborne

Tuesday, May 07, 2013 - 02:54

May 7 - Wednesday’s key events. The IMF begins 2 weeks of UK talks, BoE MPC plus earnings.

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UK finance minister George Osborne feels like he says the -- for -- in London for two weeks of talks. The visit comes off the IMF -- proceed in the garden on the fund and changed its mind on the UK's deficit reduction strategy that investors -- shows. Says -- is ready on plan B and further to bonds is soft and austerity could result in political embarrassment. He's using austerity way you can. And of course the end of the year -- some measures that the such as the cap on. Benefits payments -- impact this year and will have I was impact on the GP as well. But overall I think that we've seen a gradual -- within the UK already. Now if the IMF comes and says you need a -- -- can be then Knowles -- is that in a bit of in a bit of a box. I'm about having -- meets Wednesday Schultz says it's unlikely to be looking to the CB for inspiration when it comes to rates. Pressure on the Bank of England to two more. Right now oil also ahead of Connie arriving in July. Is a relatively you know so I'm expecting on that unchanged vote in -- three to six. I'm NB CD bank moving and then waiting to do more four off to Connie arrives in tonight. Will be yet talking with former deputy governors Rachel Lomax and -- even fathom consulting monetary policy forum preview. German industrial output figures for march out Wednesday -- -- seen moving into contraction of minds no point 1% -- about compared with no point 5% growth in February. Now it's not a negative that industrial orders rose again in March on the back strong to -- from your president confounding expectations. On the earnings front German consumer goods group ankles Q1 pretax and interest earnings -- up five point 1% to 579. Million euros. It's the years as it's currently looking to make major acquisition. And has up to four billion euros to play with. Dutch banking and insurance grew by -- searchers are reported in the process of selling off and floating assets. To repay the remainder of its 2009 bailout -- to -- states. Possibly side -- -- its US arm raised one point three billion dollars. Deutsche Telekom's pretax earnings -- full and a quarter billion euros down 5% year on year. -- just human bomb that what county looked in a legal battle with Hutchison whampoa it claims Hutchison's takeover. Of Orange Austria has left it at a competitive disadvantage in building next generation networks. -- hotel group Intercontinental releases its earnings for the first quarter it's just sold its population hotel. To qatari backed investor consolation hotels. In a deal deal worth around 400 million pounds sticking -- HDs plans to free up capital by selling -- states. That's ought to get to Wednesday. Pro sports.

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EMEA Day Ahead: IMF turns up the heat on Osborne

Tuesday, May 07, 2013 - 02:54