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Europe Day Ahead: Even Germans get the blues

Tuesday, October 23, 2012 - 01:52

Oct. 23 - Even Germany's blue-chip exporters may be starting to feel the effects of a global slowdown, with VW forecast to post its biggest drop in earnings since 2009.

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Jazz on the Euro hit reverses major earnings fall short French consumer confidence slumps in Spain shows no sign of requesting a bailout. We'll Volkswagen the big -- you to report tomorrow analysts say Europe's biggest -- it is no longer immune to the recession after posting a double digit drop in sales last month. PW now full cost to post its biggest quarterly drop in earnings since 20099. Also tomorrow keep an eye out for numbers from sometime that be -- T. OECB president Mario Draghi may also be in for a tough day he's due to be grilled by German will make as many of them. -- the whole start of the ECB's bond buying plans. BGC -- analyst Mike Ingram says drug he needs to give as good as he gets. He's gonna be saying to -- to -- -- thank you need to be making progress all planned reforms he'd be making progress. Fiscal reform. You know and you don't need to stop and then making making cuts but. Quite narrow because you know we wake up tomorrow morning with Spanish you point 7%. Well tomorrow's eurozone data may offer a glimmer of hope flash PMI numbers due to Germany and the eurozone. All index is seen edging higher -- remaining below the key fifty point level that divides expansion from contraction. And finally tomorrow brings the final verdict -- your -- cavity out France's at rogue trader. Lawyer is betting that the court to uphold a three year jail sentence handed down in earlier rulings. Whatever happens the outcome is likely to be closely washed in London where UBS trader quake to either but only faces a similar track. But stole from us for now but join us every day at this time for look at other stories said to move markets -- I'm Nigel Stephenson and this is Russia's.

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Europe Day Ahead: Even Germans get the blues

Tuesday, October 23, 2012 - 01:52