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Europe Day Ahead: euro zone crisis expected to hurt earnings

Wednesday, July 25, 2012 - 02:22

July 25 - Q2 earnings are expected to reflect the deepening euro zone crisis; big names reporting include Shell, Lloyds, Santander, BASF and Siemens

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Coming out and look at says they ski events that -- the headlines on Wednesday afternoon. Four doubles as predicted losses in Europe this quarter's sales reached the lowest level in nearly twenty years. The comic reported better than expected Q2 results the profits were down on last year. Britain thinks far deeper into recession and expected -- he figures showed GDP shrank gold point 7% to sharpest drop since early 2009. -- the Euro jumped softer and ECB policymakers assess that as good reason to have popped out the region's new bailout funds. We're looking ahead to tomorrow now and another big day for -- corporate results as earnings season continues on both sides of the Atlantic. Comments -- -- Dixon says companies are feeling the effects of the eurozone crisis. For the market as a whole. You know I think it is clear that over the course of the next few quarters. We can expect the the earnings numbers to look pretty cool. In the wake all of what those looked to be quite -- a deepening slowdown in many posts in the industrialized world. Royal Dutch Shell results out tomorrow it's recently signed a deal to resume oil and gas explorations in China which now -- interview with CEO Pete of those that tomorrow. The banks Lloyds and sometimes that announced that second quarter numbers along with German bellwethers BASF and Siemens. BA -- CEO will also be joining us tomorrow on inside -- And number of big pharma companies reporting AstraZeneca Santa -- and -- as well as Alcatel Lucent's Telefonica and unity. To Greece now in troika inspectors are back from make or break visit officials must decide whether to maintain Athens 130 billion Euro lifeline. Or let it go bust prime minister Anthony some RS has vowed to push ahead with deep spending cuts. I'm here in the UK US Republican presidential candidate Mitt Romney will arrive in London ahead of Friday's Olympics opening ceremony. And meet with prime minister David Cameron offering voters the chance to see him in action overseas before he faces President Obama in the polls this event. Well that's our look ahead at Thursday -- join us tomorrow when as well as those CEO's will be speaking to a host of other big names in town for the Olympics. The global investment conference in Lancaster house. Follow our programs on Twitter -- Reuters Insider I'm Nigel Stephenson this is for instance.

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Europe Day Ahead: euro zone crisis expected to hurt earnings

Wednesday, July 25, 2012 - 02:22