Europe Day Ahead: Keep seatbelts fastened, turbulence ahead
Thursday, June 20, 2013 - 01:55
June 20 - Another day of market turmoil looms, but don't bet on a gathering of euro zone finance ministers having much to say on it, says CIBC Markets’ Jeremy Stretch.
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It looks like another day of turmoil from global markets -- the -- -- a timetable for ending his bond buying spree. Eurozone finance ministers due to meet in Brussels tomorrow but CA BC's Jeremy stretch says don't expect them to address the market volatility. I think was very much Jeff very much more of an -- respect his story as far as Europe is -- sounded very much concerned about. The structure reform process looking at the young getting issues that we need to be sold. Deacons and things like you can find -- so -- wouldn't necessarily expect. Too much in the way of an interest not yet been well clearly I think Marcus will be monitoring. Mr. drug and -- for particular any references to. Further unconventional policy direction. I think that's going to be the key matchup -- -- the next few days and weeks. UK public borrowing figures the only made should stick to point to a -- for tomorrow. A string of better than expected UK numbers not improving government finance he's just yet its net borrowings and jumping to thirteen point 75 billion pounds in May. According to economists polled by bulletins. May of course is the first month of the financial year. On the corporate front keep an eye on Vodafone sources telling Reuters that the company could -- but for a couple points fund. Vodafone reportedly mulling a seven point six billion -- it'll birds which would trump a rival offer from Liberty Global. The new Vodafone offer is expected to value couple at around 95 to eight to six euros a share up I was close to put the shares are trading just now. With cattle stock -- up and 18% since the -- removed began. And what show except for the next twist Kentucky some of unrest prime minister tied up at the gun set to address party's supporters at a rally in central Turkey. The speech likely to be closely watched for signs that he's changing his tune on the demonstrators. So look ahead to Friday's market moving events on TV -- -- the civility.
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