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Europe Day Ahead: UK data, Bunds in focus but Bernanke looms

Tuesday, May 21, 2013 - 02:44

May 21 - Retail sales, BoE minutes, govt borrowing and business orders paint a more detailed picture of the UK economy. And Germany sells €5 bln of bonds. But overshadowing all that is Fed chief Ben Bernanke.

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European markets holding their breath for Ben Bernanke on Wednesday the Fed Chairman testifies to congress tomorrow. A speculation -- that he will trim one purchases. Investors watching carefully for any clues on timing. Alistair McCain says they need to brace themselves for a change of tone. It would be unlikely that he's gonna come out with a straight away without turning off the taps that's certainly not gonna happen but I think he might says certainly start to have voiced their opinions and certainly changed the meat as far as set preparing the markets for the Americans to -- -- Start to diminish the numbers with which they've been pumping into the markets. Also on the streets and is the Bank of Japan the policy change expected after April's massive stimulus. But the Central Bank may seek to stabilize the government bond market plus strong GDP may prompt television of Japan's economic outlook. And what central minutes from the last bank of England and PC meeting policy makers hellfire on for the stimulus measures as they assessed glimpses of economic recovery. I'm await the arrival of new government -- -- Staying in the UK retail sales figures for April out tomorrow morning. Analysts expecting sales to flood -- month on month stabilizing following -- not point 7% slide in much. April's public sector borrowing dates that I too. Borrowing excluding financial sector intervention seen falling to almost eight and a half billion pounds from over fifteen billion and much. Also like from the UK tomorrow CPI business orders from me expected to be done to minus nineteen from minus 25. And the bond markets Germany options up to five billion euros of new tenure Bruins felons anti Putin today. Of one and a half percent on those bones on the -- -- is likely to be slightly higher than the one point 28% paid the last votes in a month ago. European leaders meet in Brussels to discuss tax base and I'm cross border tax -- this comes as the Senate's investigation in the US. -- -- tech giant apple has kept billions of dollars in profits and -- subsidies. To -- let's go on -- taxes at all to any government. Deputy prime minister Eamon Gilmore demise islands is to blame in the case of apple he argues robust international agreement this was needed to talk. Well they should be. Are anxious to insured through the European Union through the always CT that there is a strong and anti tax avoidance regime. In place and now we will support. Whatever efforts in us history to do much. That's a look ahead to Wednesday I'm Jamie gave up the support of.

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Europe Day Ahead: UK data, Bunds in focus but Bernanke looms

Tuesday, May 21, 2013 - 02:44