May 18 - A look to the close of the European markets and a look ahead to next weeks trading, as well as what to expect from the Asian markets on Monday.
A flight to safety intensifies. As leaders of the world's largest economies gather of the G-8 summit as well chest -- one German borrowing costs and record lows. On deepening Spanish banking crisis and uncertainty about Greece's future some analysts cautioned against expecting too much from G-8 leaders. In terms of the the challenges faced by the global economy right now when it's that is -- really in the hands of European policy makers in the and the Euro group and Euro area. In particular. You know that the number one concern is is how to deal with problems in Greece and it's really only Euro area policy makers. You can put in the resources to stress in the U the other Euro area member states strengthen the Euro area banks make shall. That it's that they too are gonna be resilient to what happens in Athens. Looking ahead to some of the major events next week and Europe's economy once again -- Centre stage on Monday with the release of consumer confidence states. It's likely to stay close to a more than two year low hit by rising unemployment. And stubborn inflation German retail sales also out later in the week cures and flash PMI manufacturing figures also like you to show little sign of improvement. At its lowest reading and almost two years in April. Europe's largest budget airline Ryanair reports full year earnings on Monday the carrier which paid its first dividend in 2010 is likely to approve substantial payout to shareholders in the current financial -- However chief executive Michael O'Leary has said that's likely to be the lost one for some time. You can hear what test CEO Michael O'Leary has to say about this dividend payments on the lookout for the airline has 630 GMT. Here on Reuters and sign. Can keep up with these stories and more on the inside a platform and Reuters dot komen due to travel Reuters today each week says seven GMC. A snapshot of all the latest world news market headlines. And social media pulse Imus -- problems is --