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Europe Week Ahead: Beware euro reality check

Friday, September 14, 2012 - 02:19

Sept. 14 - Major bond auctions, a slew of euro zone data and key talks on Spain's regional debt will test the region's mounting optimism next week.

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Global risk assets gets -- -- -- the -- once -- bond buying without hands. But cautioned lingers as investors wait to see what beautiful and finance ministers will agree other informal summit in Cyprus. On the agenda should Spain stop stalling and -- -- The renewed optimism on the Euro -- facing some more text next week. Spain's sales twelve and eighteen month treasury bills it's Madrid's first debt sale since the ECB unveiled his own program -- in the month. Germany sales five billion euros of two yet picked up if investors really are feeling more optimistic about the eurozone will we see another lackluster auction. Spot as prime minister Mariano Rajoy will meet with top Tony as president on Thursday Spain's biggest regional economy also its most indebted. Is asking for a fight billion Euro bailout from the central government. CMC markets analyst Brenda Kelly says the uncertainty over Spain is just one reason why it's too soon to relax. There are still the Bucs want emanating from the likes of Europe and of course Spain possibly asking for a bailout because see -- it the correction there. I also think the fiscal cliff that's coming at the end of the year at beginning of next year for the US -- create a little bit of a political upheaval there. On the -- it's a calendar next week flash PMI numbers for the eurozone likely to switch the focus back on the sluggish economy. Number -- forecast of course marginal gains but staying well within construction and -- -- a -- Germany's later -- W Soviet also expected to -- the same story. And it's a busy -- week in the UK no surprises. Expected in -- and PC minutes economists looking for all nine committee members voting to keep rates on hold on some more debate on more -- me. But Thursday's retail sales numbers -- and to be said none of that's an unexpected numbers the forecast that's on lower on the year on the month. Retailer in the text takes top billing on the week's -- -- with Q2 numbers due out on Wednesday. Comments by estimating that Europe's largest clothing retailer it is good for sales growth of 15% over the next two years. And said strong margins on the number of production system make it preferable to rival H and I'm. That's also must and I'm I'm Jamie media about the -- of.

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Europe Week Ahead: Beware euro reality check

Friday, September 14, 2012 - 02:19