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Europe Day Ahead: Fed up? Let the flash PMIs cheer you up

Wednesday, June 19, 2013 - 02:39

June 19 - European markets get their chance Thursday to react to the Fed's decision today. They will also get the first glimpse into how the euro zone economy is faring this month, with the flash PMIs for June.

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We'll see -- on Thursday -- European markets react to today's let me take. And giving them an extra months along the way could be euros on the last few months for June. We'll get the first glimpse into how the manufacturing and service sectors of Germany and the region as a whole a performing this month. All these in the CC heading higher but likely to remain below the fifty point not so in other words -- again but just a slightly slower rate. Also on the unit is on data from tomorrow consumer confidence for June expected some truth slightly from may. So -- -- a Ben Bernanke says today markets are bound to be nervous but don't panic that's the message from Charlie -- Investment that I took -- investor wealth and investment. There are always certain he reads what the Fed is doing a few feet on. At some say that that is really confident that we -- -- suspect that maybe some analysts. Meanwhile eurozone finance ministers gathered in Luxembourg the most of the crisis may be all about so we're told. But they're still -- division on how to prevent the next crisis Germany is expected to come under heavy pressure to reliance on its opposition across bought them find resolution mechanism. The main obstacle to fully -- banking union. But the -- doesn't expect a -- before September's general election. I'm outside the euros on what's at the British retail sales UK consumers expected to spend more in the shops in and main event the month before I think to the spate of encouraging signals coming out of the UK. And the debt markets France and Spain will auction bonds front selling at between six and a half and seven and a half billion euros in two and five -- paper. As well as up to one and a half billion euros of inflation linked bonds. I'm Spain mass sales 3.4 billion euros of bonds that sale comes just after the IMF publishes -- late to support in the country. It's funny shields creeping up again but with fundraising for the year ahead of schedule analysts say Madrid -- in front of too much -- -- just yet. After the Fed today we have monetary policy decisions and you know total to the Norwegian Central Bank is likely to keep rates on hold -- one and a half percent. I didn't expect to the budget for several months. By the Swiss National Bank is unlikely to move its effects cap of 121 point two Frank's -- you know. Indeed more than half of those polled by Reuters -- the couple only be removed sometime next year and a significant minority said not until 2015. Not so look ahead to Thursday and continue to give a decision like that.

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Europe Day Ahead: Fed up? Let the flash PMIs cheer you up

Wednesday, June 19, 2013 - 02:39