Europe Day Ahead: One of our central bankers is missing
Wednesday, August 21, 2013 - 02:01
Aug. 21 - Central bankers head to Jackson Hole, but with Fed chairman Ben Bernanke not attending is it still the place to be? Meanwhile, Europe growth hopes mount and Mubarak’s release could roil Egypt again.
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Well -- Central Bank has had for Jackson Hole tomorrow but is the annual gathering quite the hawks are getting used to being. Fed Chairman Ben Bernanke trying off with a diary clash that means no opening address to scanned for hints about an end to bond buying it also puts this phone lines. On vice chair Janet Yellen who's the front run much replaced Bernanke when he steps down. -- you market analyst Alison McKay says the European impact of any tapering it will be a big factor for fed policy makers now. Even the latest quantitative -- has started. Payments at the US markets in the US economy they are conscious of the fact that it has a world -- implication. I'm -- they'll be -- conscious that have. The -- -- still a launch trading partner with the US does have the ability. Effectively to drag FactSet fragile US recovery back down again and I think that'll be as much as anything parts of the focus as far as the Vatican sent. -- -- Europe's recovery gathers pace or some economists expect PMI numbers for the region tomorrow expects to show the service sector back above the key fifty point level. No surprise see Germany leading the way though it's numbers seen pushing the 52 point level offering services expected two remaining contractually territory. And earnings season -- its peak in Europe but still a few names and account for Austria is an uprising banks still suffering or seen suffering -- 10% drop in net profit. According to analysts polled by Reuters investors looking to see what the bank has to say. About bolstering its capital numbers also Jews from London based miner act because actress. And keep an eye on Egypt against -- former leader Hosni Mubarak like -- be released from prison according to his lawyer that could provoke further turmoil on the streets. That many egyptians like he's missing his release as overturning the pro democracy uprising of 2011. More product being held in prison on charges of complicity. In the killing of protesters. That's on it had to says there's market moving events -- -- resources.
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