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Europe Day Ahead: G20 outcome? Don’t count on it!

Thursday, February 14, 2013 - 02:04

Feb. 14 - G20 talks in Moscow are likely to centre on currency wars but don’t expect a quick fix or anything concrete to come out of the summit, says Andrew Kenningham from Capital Economics.

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This is a look ahead to Friday's key political and financial events all eyes turn to must go on the G-20. Finance ministers and central bankers meet to discuss how to push forward a faltering global economic recovery without slipping into currency won't. But after G seven's -- ethics statement and live this week the two day talks will be dominated the sites -- -- currency wars and the Japanese yen and particulate. I'm I'm just counting on from capital economics says don't expect a quick fix. They very -- also hijacked by whatever happens to be completely contentious issue of the time Carolina is always the question about Japanese policy and yet. It's you -- talking points will be around that. I don't think that's an issue appraisals and so -- we're not expecting anything major moment. Results continue to flow from the European banking sector this -- missed a ton of comments by. To report fool you know results Germany's second biggest -- already unveiled -- fourth quarter net loss earlier this month. And -- -- also warning of most charges to come as this loss is up to 6000 jobs. I'm just a day after Rio Tinto posted its first ever I -- loss Anglo American Billy sees its results. A Reuters poll suggests angle will report on more than 40% drop in operating profit of 2012. This will be the last set of numbers released under outgoing chief executive Cynthia cattle of success are AngloGold Ashanti boss mark with a funny joins in April. And the UK we may see I'm not point 4% rise in retail sales in January after an unexpected fall in the -- recent data. Including UK industrial -- -- provided some tentative signs of the company at the start of this year. And from the eurozone figures could show the region's trade surplus narrowed in December. It's just a day after day official -- eurozone slip deeper than expected into recession in the fourth quarter. Not so to get to Friday but -- and into -- -- today for the latest financial and world news that's a big GMT every weekday I'm Jamie -- gave up. This is always have.