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Europe Day Ahead: UK firing on all cylinders?

Thursday, August 01, 2013 - 02:10

Aug. 1 - Construction PMI data may show the UK firing on all cylinders ahead of U.S. nonfarm payroll numbers. Meanwhile Lufthansa earnings may stall and RBS could know its next boss.

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-- hopes the focus on both sides of the Atlantic tomorrow US nonfarm payrolls once again the focus for investors everywhere. Analysts polled by Reuters expecting a slow pace of job creation this month but the surprise -- GDP earlier this week makes an upside surprise that possible. I'm -- james' -- one analysts expecting an above consensus number. The lead in case is being seen so far are encouraging the ADP payrolls number yesterday was 200000 after a 190000 the previous month so that's. Historically been the single best lead indicates a fifth implement price consumer confidence is still pretty strong as well so -- suggest that households. Increasingly relaxed about financial prospects and and and and ask for more inclined to spend say. I think that is supposed to sign that -- as they were looking for quite a decent -- -- some of -- around -- 100000 outsmart. The UK hoping for fresh signs of growth tomorrow as well construction PMI numbers full cost and higher above the fifty point mark. The second now seen contributing to growth off to many months of contraction. Monday's PMI numbers for the dominant services sector. Even more important -- just producer price numbers due from the eurozone prices seen flat or slightly higher in June after -- the month before. At a busy week for European earnings comes to an end with -- -- -- Roger numbers -- towns are among those reports. Operating profits in front of around 600 million euros for Europe's biggest airline sluggish demand in Europe and fierce competition from low cost rivals delivering drank that we will talk. To the chief financial officer Simone amendment at 8:15 tomorrow morning London time -- so watch out for numbers from IAG's parent company British Airways. And Iberia. Meanwhile I'll -- yes the next big British bank to report focus that Arizona. Who will be the bank's next boss some speculation Stephen -- successor could be announced on results study. The race still seen -- close contest between internal and external candidates also tomorrow to count the numbers from insurers accept an Alley almost. And sat phone operator in -- -- That's -- look ahead to Friday's market moving events. I'm actual growth which is runs.

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Europe Day Ahead: UK firing on all cylinders?

Thursday, August 01, 2013 - 02:10