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Europe Day Ahead: will markets sizzle or fizzle over Turkey?

Monday, June 03, 2013 - 02:19

June 3 - Tuesday’s key events: Turkey anti-government protests, euro zone PPIs, UK Construction PMIs and British shale gets a boost.

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An uneasy calm and at times to -- -- grew up on anti government demonstrations across took Kate some violence. The country stocks bonds and currency all fail on Monday but comments by Simon -- -- Evans. Says doesn't need -- reaction and in any case imagine Marcus a much more focused on developments at the US feds. Among Turkey's streets. I think the general thing here is sits that if we see it coming mysteries and receives -- revival and Turkish assets. Over the next few days. And in general and emotion Marcus and the main drive book by US treasury yields. The -- if you like kind of devotes his comments about strengthening you have -- you petitions -- house food for currencies and emerging markets in general. On the economic data front tomorrow inflationary pressures in the eurozone expected to ease perhaps giving the European Central Bank won't come out to cut interest rates. But just a -- seen falling not point 3% in April marking another declined following -- -- point 2% fall in March. I'm more encouraging news for the UK a day after the manufacturing PMI shall fight -- doing at a much faster pace than estimated and may. As the son of the construction PMI. The pace of contraction expected slow marginally from the previous month the index seen edging up to 49 point six from 49 point four. Consumption of course one of the biggest drags on the UK economy in recent years. The case she'll just prospects under the spotlight that's an energy summit in London. Hopes -- exploiting Britain's natural reserves with a base from company I guess we said it could have access to up to 170. Trillion cubic feet of gas in Northern England. That's significantly more than previous estimates of a -- nine trillion. Meanwhile the shadow of the US shale revolution looms large over Russian producer gas from. Is due to get a briefing on gas exports to Europe often as deputy chairman hinted it would delay that stockman project. One of the world's largest gas fields accusing US -- of undermining its profitability it. Plus a look ahead to Tuesday I'm Jamie we gave up the support of.