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Europe Day Ahead: BoE and UBS in the spotlight

Monday, December 17, 2012 - 02:31

Dec. 17 - The BoE releases its latest update on the UK economy, while UBS may draw a line under its role in the Libor scandal...but it won't be cheap.

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-- -- -- day without resolution to the US for school -- invest has on the defensive. And European equities in the red and a landslide election victory for Japan's conservative. LDP. -- as the yen to its lowest against the dollar in almost two years so that's how markets have kicked off but lost a full week of trading this year. Now let's look ahead as she was stay the Bank of England will publish its latest quarterly -- ahead of minutes from the lost policy decision. And UK final third quarter GDP later this week Central Bank left rates. And Q we unchanged earlier this month despite warnings from chancellor George Osborne McGraw -- will be slower than expected. Hasn't. UK a negative outlook meeting as a one in three chance now it'll lose its AAA rating within the next two years. Sweden's Central Bank expects to cut rates tomorrow by 25 basis points to 1% to shall rockets slowing economy household debt is the fourth -- in Europe. And falling export democracy -- forward to -- bank has cut rates twice this year and the latest Reuters poll suggests it may -- again in February. Spanish economy minister -- to -- notes when the -- congress to explain details of his country's banking bailouts. Madrid has lost for 37 billion euros to prop up its financial sector. The biggest chunk of more than seventeen billion will go to bank Kia which holds 10% of Spanish savings deposits. And Colbert is UBS expects to be hit with a one billion dollar -- fine to settle charges have -- Libor rate -- that's according to Reuters sources. The ruling which could come tomorrow would be more than double the 450 million dollars levied on Barclays and you. So maybe a line in the sand for UBS but not -- libel sovereign general says Cianci markets Mark Hughes. I think policy in my case. Need to step back from bashing banks and actually starts to encourage them. To land some feel it's probably a line in the sand. But I would imagine is probably going to be a few more she's the draw with respect to fines from regulates its full indiscretions on the last ten meetings. Jews have lost the deadline to take over online gambling groups forcing bad William Hill and TBC -- adapt it to form from the 85 million pounds of the end of November. Off to shares in sporting back collapsed nearly 50%. On disappointing Q1 results. -- as if it out. An -- problems this crisis.

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Europe Day Ahead: BoE and UBS in the spotlight

Monday, December 17, 2012 - 02:31

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