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Europe Day Ahead: Panic lifts; fear remains

Monday, May 21, 2012 - 03:06

May 21 - Europe's equity markets stabilise after the carnage of the previous week. Now attention turns to what solutions Europe's polticians might devise to ease the euro zone crisis when they meet this week.

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But -- go on but the fear remains investors in Europe's equities pause for breath. Often last week's at all stocks little changed in most of the region the standout loser of the day it's -- -- at -- made many of its largest stocks trading off dividend. Europe's largest low cost airline warns of tough times ahead rising fuel costs and the worsening economic outlook. Could slash profits by as much as the -- Other headlines on Reuters Bob -- one of the top movers on the UK's -- 100. The bank has to settle -- six point one billion dollar stake in black croak the US asset manager. Which is held for almost three years. Let's talk the Greek left Winger who could determine the fate of the Euro is touring European capitals in the hunt for allies. Alex is a process he wants to keep Greece in the Euro and forced Heisman leaders such as false as president -- -- Who's looking to -- austerity and encourage growth. Looking to the day ahead now on the push for growth and jobs by the world's political leaders may have come a little late for Europe shoppers. They -- is likely to show worsening in consumer confidence across the eurozone. Stubborn inflation and rising unemployment dumping any revival in brawl that many economists questioned whether. Politicians can deliver the right solution. It's as yet we still haven't really been told how we achieve -- grace and austerity. And and I think you know what what could we did well we need to think about the culprit sect to the cook -- -- is the one pump the developed twelve. The Demi has cash ready to spend we need to think about wind and not spending it. Is it because if act credit conditions is it because that worried about the future -- -- months so we need to think about how we make the cool percent to. Feel confident optimistic about the -- say that they are jiving Grice. Not the government because unfortunately just another fiscal stimulus might give us six months of reprieve if the financial markets allow that to happen of course. But ultimately not he's not well grace can come for a long time. The every CD releases its revised outlook for the global economy earlier this month reorganization said Germany was likely to remain the driver of growth in the Euro zone. While the US and Japan work regaining momentum. Put their results from Vodafone should see the group's pretax profit breakthrough that ten billion pounds -- area. Consensus estimates are for profit before tax of ten point three billion pounds for the year and 8% to thoughts on a year ago. We may also get more details on how it intends to integrate cable and wireless worldwide that is agreed to buy for one billion pounds. Vying for attention retail Bellwether Marks & Spencer. Analysts expect an approximate 2% drop in profits to around 693. Million pounds. The figures reflect a combination of some huge sales margin pressure and operating cost inflation. Tune into Reuters Insider -- a 700 GMT for snapshot of all the latest world news market headlines and social media pulse. I'm Nigel Stephenson base is --

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Europe Day Ahead: Panic lifts; fear remains

Monday, May 21, 2012 - 03:06