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Europe Day Ahead: ‘Super Tuesday’ for banks

Monday, July 29, 2013 - 02:53

July 29 - Super Tuesday’ for bank earnings, with Barclays, UBS, Deutsche and Santander numbers all due. Meanwhile, economic data may offer more glimmers of hope for the euro zone.

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Super Tuesday looms as Europe's big -- -- -- -- really stunning. -- UBS go to buying consigned sundown among those due to reports. Barkley saying it will spell out how it applies to be tough for UK rules on capital. Media reports suggest it may sell new shares to plug a shortfall estimated seven billion pounds -- the bones thought to be another strong possibility. Sometimes there is expected to unveil a big jump in first half net profit according to analysts polled by relatives. Provision for loan loss is expected to remain high level sometime that facing recession and is home markets on sluggish growth -- its key market of Brazil. Put into buying ice for clues on strategy after its chairman said at the weekend that was in the middle of -- change of strategy. I'm UBS set to flesh out its quarterly earnings after some preliminary numbers last week. Not just banks to -- don't feel it closely watched as it closes and on amounts up with Chrysler. Talk that the new company could be headquartered in the Netherlands. Analysts polled by Reuters expect the group trading profit of around one billion euros for the periods the focus on whether -- commercial is reducing losses in Europe. And BP due to report tomorrow sentiment on the automated gets an a based on Friday after the appeared to gain an edge over how about and and a legal battle. Although he was to blame for the 2010 Gulf of Mexico oil -- Tending to the economic calendar on the head of the Fed bank of England and he's he believed to this week that just might be some more glimmers of hope for the eurozone. Sentiment indexes for the region all seen heading higher up. It could be the same story for German shoppers to JFK consume and index forecast to take up to six point nine from six point eight a month -- Some inflation also its model and expected to have time to. With tens of signs of improvement in Europe BGC analyst Mike Englund says that could be the opportunity for a quick profit. I think is -- opportunistic trade come out of there the moment insurance for quite some months and freed June. Federal relations between success and the four. Europe -- to -- some our performance was not talking about extreme. In some markets right now. Because the cyclical tray you know the body cyclical cool which virtually every. Investment hasn't had that this year. Hasn't really pile up until very recently to the last few days but the some signs about gaining traction. It's clear that only major bond issue tomorrow with medium and long term debt due on the block. The sales seen as a major text with -- facing 55 billion euros of attentions later in the week. Looking hopeful for a -- though with short term borrowing costs -- in the lowest since may and an -- -- today. Not so look ahead to Tuesday's market moving events on TV media the the simplest of.

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Europe Day Ahead: ‘Super Tuesday’ for banks

Monday, July 29, 2013 - 02:53