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Europe Day Ahead: Italian bonds vie for focus with China, JPM

Thursday, July 12, 2012 - 03:18

July 12 - Italy sells over €5 bln of bonds in a test of investor appetite for the euro zone's weaker economies. But European markets could take their cue from Chinese GDP and JP Morgan results.

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And unsettling makes for investors today austerity -- across the eurozone and hopes fade for more stimulus anytime soon from the fans. Global stocks in the reds and the you don't tumbles to a two year low against all of but Christian Schulz senior economist I'm -- -- bank says our hopes the crisis in the eurozone may at last be easing. All main scenario remains that the action that European leaders are taking now -- bailouts. The thank you that the progress towards banking union. Plus is this very moderate action by the ECB cutting interest rates providing liquidity. That these in combination of -- Will be enough for the Euro crisis to fade over time. Looking ahead to Friday. A measure of investor confidence in the eurozone as we -- economies will come but Italy sells up to five and a quarter billion euros or 710 until having your bones. A sign of the times though that telling statistics body. Has threatened to stop issuing economic data. Because government spending cuts has slashed its resources so even -- -- does stick to his debt cuts in programs we may never know. China is set to report growth slowing to its lowest rate in three years. Economists polled by Reuters optics and GDP figures on Friday. We'll -- expansion of seven point 6% in the second quarter the slowest since the first three months of 2009. It's hoped that monetary easing an infrastructure spending -- boost output in the third quarter. JPMorgan Chase is massive derivatives trading loss will be deflected and the bank's second quarter earnings which are out on Friday. A source has told Reuters the loss could amount to between four and six billion dollars far more than the original estimate of two billion. CEO Jamie Dimon has told congress that -- still expects to post what he calls solidly profitable results. The French president's Francois a long drive to reinvigorate industry faces a serious setback from harsh measures announced today by the carmaker Peugeot Citron. The -- is cutting 8000 jobs and closing an assembly plant yet hottest. The first close up of -- by today and fronts but twenty years CEO Philip Annan says the -- com market as a long time declined. From his own struggle to please. The group is facing a new situation in the European market. -- -- justice courts of its audience within the past five years I've got even more so since the beginning of this year at all. This is a general trends and we therefore have to take measures. As it is creating an overcapacity and up on this is just fuel than last year and it's led the group to lose 200 million euros a month after month the president did the movies you know. Finally you -- -- six months since the Costa Concordia disaster -- 52 people died when the truth is going ironic brand -- island of Julio off Italy. Mosques will be held to remember the victims salvage what continues and the ship is still lying on its site at the entrance to islands harbor. The -- has become a gruesome tourist attraction. That's all from us but most but there's more from inside out Rogers dot com and -- join -- each weekday morning from Reuters today. It's not short of the leads us world news and market headlights yeah. I'm Jamie to give out this of drugs of.

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Europe Day Ahead: Italian bonds vie for focus with China, JPM

Thursday, July 12, 2012 - 03:18