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Europe Day Ahead: Euro zone takes back seat, for once

Monday, October 22, 2012 - 01:57

Oct. 22 - Euro zone debt worries take a back seat for once as corporate earnings' season gets into full swing. Heineken is the big name to watch out for.

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The Euro zone debt crisis takes a backseat to -- is corporate grab the headlines BP sealed the deal sent its Russian joint venture to rosneft. For cash and shares worth about 27 billion dollars the British oil giant will end up with a stake of nearly 20% in the Russian forum. I'm betting season gets under way in earnest in Europe and it's being full cost is restructuring and cost cutting showed signs of paying off. More big result to look out for tomorrow Heineken a company to watch out for analysts polled by Reuters expecting third quarter earnings to rise by just they have a 6%. France is likely doubling of beer tax among the headwinds to watch out for according to -- Mira. We'll credits races spoke pockets as it looks like -- cheap paint chip a European innings with German exports are still the safest place to put your money. Outs of the export orientated company is in Northern Europe. Well they have exposure to emerging economy is today despite the slowdown we've seen in the economy is in Brazil and trying to. I'm sure I think they have the corporate earnings numbers will hold up. A relative calm prevails in the president today helped by the Spanish prime and this -- victory in regional elections at the weekend. Tomorrow -- European Commission president Jose Manuel Barroso says out his work program for next year. -- this thing today that growth must be the top priority for EU policy make is. But his room for maneuver may be limited by pressure from the UK out of this to trim European spending. You're isn't consumer confidence the big data point to look out for tomorrow and it's not expecting any course optimism. With the index full cost to edged down to minus 26. Well that's it for now but join us every day at this time for look at the stories. That I sent to make the markets I'm Nigel Stephenson race is --

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Europe Day Ahead: Euro zone takes back seat, for once

Monday, October 22, 2012 - 01:57