Europe Day Ahead: The Fed punch bowl. Great party, but …
Thursday, June 13, 2013 - 02:19
June 13 - Global stock market turmoil set to dominate sentiment once again on Friday, with fears over the Fed's QE unwinding and Japanese market-related volatility paramount. Plus, Iran heads to the polls.
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But almost -- market some -- such remain the order of the day until next week's FOMC meeting. Is the Fed will rein in its front of cheap money this year -- stocks tumbling around the world but Robert thanks Jane Foley says markets have got a bit ahead of themselves. To see those differences. Coming up in the middle of Jane I don't think that's going to be any need need some effect on the paring back and and really the -- -- economic data from the US that each carrier disappointed. We may not seeing paring back till the end of the may need until the beginning of next year. On the data front will get a better idea of health the Arizona and let me get jobs and inflation numbers Friday Q1 employment figures will be closely watched -- for the Pope failed to create jobs in Q fool. During that period Spain was hardest hit with -- jobs right falling one point 4%. The only major Euro zone nations -- jobs growth was Germany highlighting the divide between the Bloc's biggest economy. And the rest of its members eurozone leaders will be meeting in Brussels for a second day to find ways of cutting disastrously high levels of youth unemployment. Process separate reports expected to confirm that annual -- and inflation rose to one point 4% in May down significantly compared to the same month a year ago. When it was 2.4 percent. Every double in the our Central Bank releases the latest ECB bank borrowing -- have figures from the department of finance April. Show that islands banks are continuing to wean themselves off emergency funding from these. Possibly London Bank of England MPC member Ian McCafferty speaks and Wall Street Journal event. He'll be focusing on inflation expectations for the UK out of course voters head to the polls in Iran. This will be the first presidential election since -- nine that's when reformists and the but it was great to ensure the reelection. Of Mahmoud Ahmadinejad. Sparking the biggest protests in Tehran since the 1979 Islamic revolution. Moderate cleric has some raw honey you've seen progressing to a runoff poll because hardliners. Have failed to agree on a candidate they like splitting the votes. Whoever succeeds Mahmud Ahmadinejad though is not expected to bring any real change who ran all candidates seen as loyal to the country's supreme leader. That is all look ahead to Friday. I'm so hopefully scores.
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