Europe Day Ahead: Share gains halt, ‘fiscal cliff’ looms
Thursday, December 20, 2012 - 02:02
Dec. 20 - European stock gains halt just over a week before the U.S. comes to the edge of its ‘fiscal cliff’. Thousands to gather in Chichen Itza, Mexico ahead of 21.12.2012, when the world may come to an end.
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Five days to Christmas just overly specific new year I'm not mean it's just over a week before the US comes to the edge of its fiscal cliff. European stocks easing back from their recent highs Tom Elliott global -- just JPMorgan asset management. Says the US will go over the edge of the cliff but the head to the economy won't be the -- 600 billion dollars. Might you might -- fear this is going to be on the ladies side. I was not people pickup. And may may -- we'll see perhaps one half percent to take who GDP come out all the all of government spending. Which is. Decides to take -- -- economy which is perhaps equivalent to about. Hundreds. 8250 billion dollars. Plenty of dates -- on Friday from the UK public sector borrowing figures for November. Numbers from October sort that Britain -- much more than expected -- chancellor George Osborne's effort to cut the deficit. But also get -- has come to count and final third quarter GDP numbers as well as consumer confidence data from both Britain and Germany. On the fund's business morale is expected to continue improving from not that we saw and -- And -- of events Italian prime minister Mario Monti holds a united news conference that syndrome. He seemed calling for his reforms to be continued by what's have a government succeeds him. But many market watchers also expected him to give a signal as to whether or not he intends to run an upcoming election which may take place as -- favorite. And if you didn't already have plans for Friday new age fanatics are converging on a French though it's called the Iraq. And -- hope they'll be saved by aliens taking refuge underneath the mountain time when the vote comes summons on Friday. At least that's what believers and an ancient Mayan calendar think. Over in Mexico up to 200000 people and expects to gather and chipped in -- ahead of dawn on Friday. That's six and a look -- to -- I'm Jamie we gave up this is sort of.
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