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Europe Week Ahead: We've had Draghi, now it's the data

Friday, June 07, 2013 - 03:14

June 7 - We've had Draghi, now back to the euro zone data. Industrial output, inflation & employment figures could show if the ECB president's stance is justified. Plus the latest snapshot of UK employment.

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Without the ECB's decision and explanation from president not a driving this week so all eyes next week to invite to the economic data. Industrial output across the seventeen nation bloc in April likely to have fallen not point 1% on the month. But that would mean I annual rate of decline slowing to one point 2% from one point 7% to -- those figures and it's on Wednesday. The final reading of may inflation on Friday expected to command that's an annual rate of one point 4%. That's in line with the initial estimates and still well below the ECB's target of below but close to 2%. Also on Friday we will get you -- his -- employment figures for the first quarter of the latest unemployment figures. -- the jobless rate at least a record high of twelve point 2% in April. Germany's top court the constitutional court and Karlsruhe holds a two day heating to study complaints about US and eurozone bailout funds. -- the European Central Bank still unused plan to buy government bonds. The German government doesn't expect the court to do against the SN RE CB's pledge. But there's bound to be some nervousness around what is still a very sensitive subject. In the UK we have jobs states on Wednesday. The unemployment rate seen on hold a seven point 8% in May. And the Cleveland kind improving slightly with 5000 fewer people expected to sign on in the month. -- -- -- economic think tying the national institutes of economic and social precepts releases its latest estimate on the economy from me. As previous reports suggested the British economy grew by not point 8% and a few months ending in April. Simon Derrick chief currency strategist at buying -- you know -- says the UK economy is turning a -- albeit it's a long one. As always I was think we played this made -- once it rolls some leverage say however while the US economy's tanked. However badly the prison economies -- how are we we -- is Endesa yes given the father had days and the -- as signs of life. In the US economy more broadly I think they -- gonna see something -- him in the UK economy I think he's going to be funds hostage by heading in the right directions that. Industrial production in the UK also looking more positive Tuesday's figures see no change in April from march. And underwent a decline slowing to -- point 7% from one point 4%. Manufacturing output expected to follow in the month -- on an annual basis. In the debt markets in Britain sells ten year deals on Tuesday. Germany sells up to five billion euros of two guest shots on Wednesday -- actually comes to the market on Thursday to -- to meet him on the long term paper. Iran goes to the polls as the presidential elections get under way the US has already cast doubt on the credibility of the elections. Criticizing that disqualification of candidates and accusing Tehran of disrupting Internet access. Mahmoud Ahmadinejad successor must be approved by the Revolutionary Guards demanding subordinate to supreme leader Ayatollah Ali how many. Not so look ahead to next week's key events don't miss our interview on Monday here in London with Colombian finance minister -- -- I'm Dennis. I'm giving me even the simplest of.

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Europe Week Ahead: We've had Draghi, now it's the data

Friday, June 07, 2013 - 03:14