Europe Day Ahead: It’s Acronym Day - ECOFIN, ZEW, SAP, HMRC
Monday, May 13, 2013 - 02:24
May 13 - Is Germany’s economy picking up? Plus results from Airbus parent EADS and Puma coming up on Tuesday.
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Europe's finance ministers meeting to choose that -- -- slowly gender including Cyprus bailing out Greece Portugal's budget gaps. Spain and Slovenia. But -- -- -- Richard McGuire says nothing concrete outcome of that. If you'll get much traction is because the key issues that says that looking at in your opinion of the banking union and the imbalances in Spain and Slovenia. I suspect in terms of the banking unions. From that as much has yet we -- it's a very complex task in this full control it has written in the Financial Times. He's still pushing for an EU treaty change so I think any traction on the front any concrete Willis is still somewhere else. Big dates error of the day comes from chimneys that EW think tank their index of analysts and investors sentiment expected to rebound in May. After April shop full the full cost -- below march's 48 and a half reading. The Euro zone debt crisis and disappointing data continue to fuel uncertainty. McGuire also signs -- bombings is concerned the Japanese. It's perhaps worth noting that the aggressive policies don't some parts of the Bank of Japan and the weakness at the end that is coursing is a threat to determine high end. And export sector and so it could put for the term pressure. Now on the economy doing full. Plenty of company results coming out BA yes taking off net profit of the Airbus parent seen more than doubling in Q1. -- a cost also sent to deliver profiting Europe's biggest mail company seen rising to an office sends. At a shot in the arm from prophet of the German drugmaker seen rising sixteen point 8%. Truman getting off track these sports apparel maker expects to report net profit warning nine point 3%. I T decision makers will be gathering in Florida tomorrow to hear from SAP executives about the latest business technology trends and innovations. We'll be talking with SAP CEO Jim -- line from the conference in Orlando tomorrow often. In fixing come Spain's treasury plans to issue between three and four billion euros of six months and twelve month T bills tomorrow. Finally a UK court expected to rule on allegations the government that Goldman Sachs off part of its tax bill the campaign group. UK on -- legal action claims the taxpayer lost out. Are around twenty million pounds as a result of what it calls a sweetheart deal. At Soledad to choose the -- problems as runs.
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