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Europe Day Ahead: Unemployment - another broken record

Thursday, May 30, 2013 - 01:53

May 30 - The euro zone jobs crisis is set to deepen, with the unemployment rate expected to hit another record high. Plus, flash inflation for May could pave the way for another ECB rate cut next month.

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The ranks of yes unemployed the big Vegas tomorrow at the year residence jobless rate is expected to rise to a new record high of twelve point 2% in April. Yeah I guess it was a full percentage point now and two years again it was under 10%. European leaders this week cooling restitution to ongoing jobs crisis HSBC's Monday -- says this required a two pronged approach. You need to have structure change in these European economies both domestically. In terms of moving away from just construction sector as to -- the sector is improving competitiveness. But you know on the international platform because. You are competing with emerging markets Jud who calls for use so you have to improving done competitiveness -- he struck touching enough to -- quiet. The same time maybe you need to have a bit of rebalancing. Within the eurozone. LB from didn't learn from -- click -- links to demise from -- economy. Not to close city -- at close pioneer as an inflation Jason DeMarre the flash estimate -- -- expect to show an increase that she tends to one point 4%. The ad is still some way short of the European central bank's target of close to 112%. No not to prompt another rate cuts. And how yes because he missed carrying out and the -- -- old -- -- -- an idea tomorrow with John and retail sales. And French consumers spending retail sales in the year residents launches economy seen rising slightly in April recovering from a full the previous month. I'm the opposite trend expected for consumer spending in the region's second largest economy and spending an April -- the rise in March. That's a look ahead to Friday and in -- pending the his wages yeah.

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Europe Day Ahead: Unemployment - another broken record

Thursday, May 30, 2013 - 01:53