Reuters - Video

Edition: US | UK | IN | CN | JP

Video

Europe Day Ahead: ECB meets as Portugal reignites crisis

Wednesday, July 03, 2013 - 03:25

July 3 - All eyes on how the ECB and Mario Draghi respond to the euro crisis flaring up again thanks to Portugal. It's also BoE chief Mark Carney's first policy meeting, and Egypt's crisis comes to a head.

▲ Hide Transcript

View Transcript

It's only about Europe's 2 biggest central banks are fast and look at -- in Austin store that's the European Central Bank it needs and -- of the backdrop of the meeting isn't Athens and Lisbon. Greece may not get hit next launch of international aid. And Portugal's coalition government is on the brink of collapse which today -- European markets in Spain. Although economists polled -- is expect rates to remain on hold. -- this legends of the crisis could push ECB to and one -- responses as I caps they'll Tyson. It might just tip the balance in favor potentially have some sort of guidance in terms of when they see excess liquidity. -- the conditions they require that some sort of move on it all on rights. I still I still think the balance in favor of just. More dovish speak for now -- time I think the risks of a little bit more clarity on the other two issues it -- it clearly risen. On the other half -- the Bank of England's new governor -- Malkani chant his last monetary policy meeting. Widespread expectation loosen monetary policy in the coming months has been tempted. I string of upbeat economic big as the lakers today PMI showed in you case that is that are growing at its bosses -- and lowered into the kids. Meanwhile in Portugal the president will meet prime minister Pedro apostles -- And continuing crisis tools to mare. Markets and -- European officials on the best fearing it's not connection could he around the country. And it's reform program and an -- takes it despite the menu tensions RBC capital markets Adam holt says the year. News thirteen nine months ago much to hit the currency cause he's now I'm very very little impact. Does we'd say that the day of the year is completely immune to -- -- the periphery but I think it's a little more robust and balls. So well I'm from the Euro dollar is now mostly dollar. -- euros and die hoping for a for a peripheral news hitting the currency is now much much. By the rules. Against the backdrop Spain all options all -- -- as a three and five year bonds tomorrow. Guess reminder of how -- the year is an economy is with these pride estimates of Q1 GDP that's -- at 9 AM London time. Back in London former UBS and Citigroup traded Tom Hayes is due in court he's accused of conspiring with employees and at least ten financial institutions. The manipulate the benchmark Libor interest rates at this -- is. On the corporate front so what's up the traffic numbers -- even jets and Angus and Norwegian and easy jet has strains found nothing else hides Yana says he'll vote against the airlines planted by 135. And you have -- planes. He says the company doesn't -- them no real cost hacking kept secrets. And Romney is a big focus of course is on Egypt's -- -- political crisis is coming to ahead. The army had given presence of mostly an ultimatum to sit down and was he said he'll die defending democracy. There's -- -- of -- on the streets already state television says says at least sixteen people have died. And 200 are wounded often gunmen opened fire on the -- courses in hybrid. And that's not look ahead to fed today I'm managing all this is what you.

Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code

Europe Day Ahead: ECB meets as Portugal reignites crisis

Wednesday, July 03, 2013 - 03:25