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Europe Day Ahead: ¡Hola IMF! – Spain’s third bank review

Monday, May 20, 2013 - 03:11

May 20 - The IMF rolls into Madrid to cast its eye over Spain's banking sector. Again. We've got inflation figures from the UK and Germany, while the earnings spotlight focuses on Burberry, M&S and Vodafone.

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This is a look ahead to Tuesday's key political and financial events. Climax arrives in Madrid to begin a third review of Spain's banking reforms. I -- next monitoring as part of a -- 100 billion you don't deal agreed with Spain last July. The fund will present its findings on -- thought. But it also selling three and nine month treasury bills ahead of a -- bond auction on Thursday. Spain has already raised more than half the funds it needs for this year and less than five months. Bunch of new York Mellon Simon Derrick says the bond market will continue to look favorably on Spain on the eurozone -- despite the deep economic problems. There's always something around the corner and I think about six with -- Spezza particularly given the I would love real sector of the available in Europe. It is perfectly possible that vacancy shall (%expletive) up if people start to worry about anyone of this of the European countries in the next few months. Meanwhile little change expected when the Bank of Japan meets on Tuesday. Despite just so overbought market volatility it's promised to kick start inflation by injecting one point four trillion dollars into the economy. Some suggestions to deal that Japanese authorities may not want to slow the yen's fall easier said than done says Simon -- it. Web that they hate the Pope was stopping not full blown up buying some rather different amounts. But certainly I think that they'd diminish your finals Japanese governments in the -- to Tom will be more than happy to stop paying the brakes on the Yan writes about nine. And not -- supports and source this week's package upon reaching. And you can't have got the latest inflation numbers headline CPI seen falling back slightly to two point 6% in April from two point 8% and much. A welcomed the claim for the government and Bank of England. But even two point 6% inflation would still be much higher and that's and then all of -- G-7 partners. The broader retail price index also expected to east to three point 1% from 3.3. -- produce a pricing is seen falling to not point 9% in April from one point 3% and much. PPI inflation -- also due from Germany the annual rates of -- -- is expected to hombre in April tunnel point 2% from the point four. On the -- funds luxury goods group by opening an NC this preliminary full year results strong demand from China helped -- beat forecasts. With fourth quarter sales reaching 503 million pounds. Britain's largest clothing retailer Marks & Spencer also reporting full year results analysts' forecasts predict. A pretax profit of 658. Million pounds that would be done 7%. It's as recently rebounds as woman's -- and appears to invest nearly two years of falling clothing sales. Fill your results from mobile's network Vodafone revenue seen done four point 4% to 44 billion pounds. But the real focus of Tuesday's announcement as by the Vodafone plans to sell us -- 45%. Stake. And Verizon Wireless. And what would be one of the biggest copper deals ever. That's a look ahead to Tuesday. I'm Jamie -- -- -- this is -- of.

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Europe Day Ahead: ¡Hola IMF! – Spain’s third bank review

Monday, May 20, 2013 - 03:11