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Positive U.S. data offset euro zone downgrade worries

Friday, December 16, 2011 - 03:21

Dec. 16 - There's relief as the Italian government wins a vote of confidence on its 33-billion euro austerity plans.

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It polls say the US states -- bring the weight to an -- -- -- despite lingering worries about Europe's debt crisis on the threat of sovereign downgrades. Has also released today that the it's -- government has won a vote of confidence on its austerity plans -- house approved a 33 billion Euro package of tax rises. And spending cuts by a large majority. Promise them and Monty is as US policymakers is not to divide the consonants in trying to resolve the crisis. That is why -- Germany multi also warned against feeding what he called a short time hunger for Riga in some countries. US filmmakers have reached a tentative deal to fund an array of government agencies and about a -- -- many operations over the weekend president Barack Obama -- will congress not to break Koppel vacation before finishing its business. -- the -- standard chartered chief economist Gerald Lund says the administration needs to spell out how it plans to cut the deficit. What we need to see in the states -- of clear guidance on the macro economic front we -- higher bit from the US Federal Reserve -- expect them to mole. What we've seen recently still uncertainty over the whole. Government straight fiscal stance I think clarity on that will be an important basically he's been booked -- to the first half of 2012. There are some significant headwinds facing the US economy particularly on the fiscal front. All right Nikki had to you next week market activities likely to be muted in the run up to the Christmas holiday is the European Central Bank president -- tracking will be in the spotlight on Monday. He's appearing in front of the European parliament's economic and monetary offense committee on Wednesday. The ECB will announce results of its second ultra long rescue operation to help banks with funding. Italian public sector what is indeed a strike on Monday in protest that the government's austerity measures which are named on restoring. Market confidence in the years since the biggest economy Germany's defense institute releases its December surveys on Tuesday. The headline business climate index full cost falling to a 106 point one. Interest rates are on the agenda and east and Europe the Hungarian Central Bank meets to set policy and she's date the government is pressing the bank to stimulate growth -- -- raise rates by fifty basis points last month. The Czech Central Bank meets on Wednesday economists polled by Reuters. Are expecting rates that remain on hold until late next -- or ravens 23 team. -- the Bank of England publishes the minutes of its December meeting on Wednesday at the market thinks the bank will wait until February before injecting another 75 billion pounds. Into the faltering UK economy. And erupted GDP data later in the week we'll highlight the whole state of racing school year will get detailed readings for Italy on Wednesday of France and UK. On Friday. I'm finally in a lousy markets knees and -- is launching an electronic stock exchange in the near the end is to expand the -- to bolster trade gold and commodities the government is looking. The new sources of revenue the break away of newly independent south Saddam earlier this year. -- late two thirds of the country's. Oil production. I'm not sold from inside in London this week on Dawson -- and this is --

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Positive U.S. data offset euro zone downgrade worries

Friday, December 16, 2011 - 03:21