video Finance Videos

Europe Day Ahead: Merkel braves Athens visit

Monday, October 08, 2012 - 02:13

Oct. 8 - Angela Merkel heads to Athens for her first visit since the debt crisis erupted, but warm words may be all on offer. Finmins wrap up Brussels talks and the BAE-EADS deal goes down to the wire.

▲ Hide Transcript

▶ View Transcript

Stocks on the oil take decades as global growth worries mount. European equities why bounce around half of last week's gains on the World Bank says he's -- Chinese growth full costs. Euro zone finance ministers -- about that Brussels meeting tomorrow. No big breakthrough expected off -- -- launch of the European stability mechanism the region's new bailout funds. Not puts the focus on what ministers due to tee up next week's EU summit. Given on hi Angela Merkel to she's due in Athens for the first time since the crisis erupted. A visit comes as Greece waits for the word from the international inspectors on whether they've done enough to and another slice of paying out money. -- likely to offer warm words on solidarity but not much mobile market sentiment on the mountain to be tested for the sale of Greek T bills the same day. Well tomorrow's big data releases will test whether Britain really is edging out of recession. Industrial manufacturing output numbers -- full cost attend -- for August. Trade balance also seen diving deeper into that -- I will be just one day away from the deadline for a deal on the proposed merger between B eight B and EADS. Britain France and Germany now trying to reach agreement on the future of that state -- holdings. As the deadline nears London setting a deadline of 4 PM on Wednesday but analysts say that can be pushed back if the shareholding issue can be resolved. I'm keeping on the around is pushing to fresh three and a half in those as labor unrest in the key mining industry shows no sign of abating. But Morgan Stanley FX analyst in -- not says don't bet on a long term downtrend. The longer term I think be it will stop received some support so once again south African Rand dust still remain very well. Linked to lead to global cycle we've got to CDS and market cycle says a continued positive response to the global. Policy reaction the slowdown could well provides the south African round with some support. Well that's all we have time for for now but join us every day at this time for a look at the trading day ahead. I'm not just didn't -- this is crisis.