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Europe Day Ahead: Europe Day Ahead: Troubled Turks, angry Greeks, volatile markets

Wednesday, June 12, 2013 - 02:21

June 12 - Turkey’s unrest hits the two-week mark as protesters show no signs of backing down, and Greek unions call a strike after the government shuts down the state broadcaster. But market turmoil over QE is unnecessary, says one analyst.

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The market volatility so the focus in Europe with stocks today clawing back some of yesterday's big losses. Uncertainty over a quantitative easing still the big driver market anxiety but Credit Suisse analyst Bob Parker says there's no need for any kind -- The important points all the the end of quantitative easing will be a very slow process. That real interest rates in the US. If we look at the Fed Funds rate relative to inflation. Will remain negative. And the Federal Reserve is very anxious. To avoid any premature removal of quantitative easing. Which could reverse the recovery which we're expecting. In the third quarter of this he. Isn't really any European country with a major debt to auction tomorrow -- -- billion euros of debt -- -- nothing on the economic data calendar but there is a loss of now there are a lot of Central Bank is set to give us vessels ECB president Mario Draghi will speak off to picking up an award for responsible leadership in Germany. Meanwhile ECB board member -- -- speaks -- crisis economics in Munich. While his colleague -- Rasmussen gives its role of the Dubrovnik economic conference Bank of England deputy governor Paul Tucker joins bank of Finland governor -- to count on. A conference and Helsinki. Quiet day for earnings to a -- re the only big name June the numbers come days off tomorrow recent creative director Emmett -- was leaving the firm. The chest from 9 to central -- use. And that's a sign of a rebound -- fall. In political news or lying still on Turkey -- police battle protesters in Istanbul's tax and sweat the turmoil turning into a test of strength now. For prime minister IRS sent you at a gun. He says he won't kneel before the protest says but there's no sign of the demonstrators are bound to get highlighted -- Thursday marks two weeks since the unrest began. I'm resting Greece to after the government surprised moved to close down public -- cost that you don't see. Public and private sector unions expected to hold -- 24 hour strike tomorrow and protests of them. The government says the TV station will reopen as a smaller more efficient else it. That's a look ahead to Thursday that prevents. Obstacles.

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Europe Day Ahead: Europe Day Ahead: Troubled Turks, angry Greeks, volatile markets

Wednesday, June 12, 2013 - 02:21