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Europe Day Ahead: Portugal peril, Turkey trouble

Thursday, July 11, 2013 - 01:53

July 11 - Troubles mount in and outside the euro zone as Portugal’s government again looks in danger of collapse and Turkey battles to halt a slide in the lira.

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Turmoil mounts in an -- signing -- risen as the week -- -- clay is. Portugal's government again looking like it could be on the brink of collapse of the president's rejecting plans to killing government raped and cooling but any elections next year instead. He's also suggesting that being an agent -- he's striking a deal to guarantee support for that agency manages. Benchmark yield today testing only 7% level on back knees. This is also keeping it close -- tacky again Friday as the New York tumbles. The Central Bank -- -- and over six billion dollars popping up the currency but that's still a loss of pressure to the downsides. Speculation mounting that an interest rate hike is all but inevitable. And GM investment direct to pull my MRI says events and tacky marked a major shift in investor out. I think emerging markets have a period of adjustment ahead. And I'm looking at the situation now compared with 2000 -- is the generally speaking the economies which were in the best shape. Be in -- have how we can debate where's the ones which -- the worst of strengthened. Which is mean come of that tilting the balance towards Central Europe -- -- the countries that we most positive all the places like Hungary and Romania. And -- fixed rate meeting is due to take place on July 20 says. Meanwhile eurozone industrial production in the big number to watch out for tomorrow and it's unlikely to offer much in the way of the chant. Output full cost ten negative on the month and only at. And -- -- also do you France Spain and basically not much changed expects an SE -- Spain Nate seat price rises accelerate. Despite it's my -- economy. And that's sun look ahead to Friday's market moving events I -- all -- This is choices.

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Europe Day Ahead: Portugal peril, Turkey trouble

Thursday, July 11, 2013 - 01:53