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Europe Day Ahead: BoE’s waiting game

Wednesday, May 08, 2013 - 02:37

May 8 - Our preview of Thursday’s key events including: BoE rate decision; GB industrial performance & employment figures from the euro zone periphery.

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About having the meets for the second day of its Monetary Policy Committee policy making is expected to hold firm on writes delaying any big decisions Omar Cummings takes up his post. Former Bank of England governor Jon -- says Tommy is going to maintain a flexible approach to inflation. And have some extra measures to his awesome. I'm expecting that he will announce. It's something in August which is new and fresh. Perhaps in the form of conditional commitment to keep interest rates low until growth is recovered two more normal historical levels. Perhaps buying not just -- birds securitized mortgages. Will let's have a major impact well I think it'll it'll bring in new tone of optimism and activity. To the scene. I'm not sure it will change the fundamentals. UK economy remains in focus tomorrow with marches industrial output figures analysts see the sector and contraction of minus one point 6%. Down from 2.2 percent growth for march lost yet manufacturing output not looking any health theorize that sector activity march also seen contraction. At minus 2% compared with one point 4% decline. For march 2012. Unemployment numbers out from Greece and Portugal show how the Euro zone's periphery is faring as the crisis grinds on markets watching to see if Greece's February towns. Is an improvement -- January's figure of 27%. More than twice the yards and averaged. And Portugal releases its total Q1 the jobless count for the loss quarter of 2012. Reached nearly 17%. The prime minister said in -- way the country's economy was showing encouraging signs that could return to growth rate this year. Slovenia is expected to announce a reform package it hopes will save it from needing a bailout. Plans are rumored to include a bad bank to ring fence failing -- of the country's biggest lenders and an emergency tax on wages to help stabilize its ballooning budget. The use only rains suggested Slovenia may be able to avoid a rescue but only if he gets its finances in order. In learning Spanish oil major rap -- reports its first quarter earnings says states expected to report a net profit of 560. Million euros. Up 18% on lost his -- yeah the boost is explained by strong growth and improved refining margins. And Spanish low cost airline blaming also releases its Q1 numbers the international airlines group. Which owns BA and Iberia recently took over whaling in a deal that valued the company at 277. Million years. That's not a -- as a key events.

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Europe Day Ahead: BoE’s waiting game

Wednesday, May 08, 2013 - 02:37