Dec. 18 - French bank reform proposals dominate Wednesday's agenda in Europe, but the signs are that President Hollande will row back on earlier anti-bank rhetoric. Bank of England minutes in focus in the UK.
Maybe they would go over a cliff off federal risk assets -- cautious support as US politicians. Show signs of moving towards a compromise on debts and taxes. Not the deal's not done yet though analysts say failure remains a very real possibility that. There's a meaningful -- risk twenty or 30%. That that deal isn't reached by the end of this year or early next year but actually goes. I'm significantly further towards that the debt ceiling deadline again which would be in February. Don't think that happens on the baseline scenario but it's important terrorist consider. Banks have all kinds in the spotlight tomorrow the Bank of England's latest minutes two -- that with a focus is on whether policy makers. A shifting towards more bond buying analysts were surprised last month when MPC members voted 821 to hold off -- fresh QE. They will be watching this month to see if anymore members moved into the fruit QE camp. ECB also holding the first day of its monthly leasing out meanwhile it can also be a big day for commercial banks of the French government you to finalize its proposed reforms. The changes are likely to be less -- named in the banks once -- major lenders may be forced to separate. Or exit proprietary trading for present -- while loan has -- road back from early anti bank rhetoric. The reforms now expected to leave France's universal banking model largely intact. Elsewhere the UK commission on banking standards usual reporting any time now analysts -- still waiting for word on UPS is expected billion dollar settlement. So reliable rigging. On the data from the as a mixed picture expect from -- beef from survey -- all of Germany the current conditions and exe and -- Lila. But that may be more sign of optimism in the Ford looking numbers economists polled by Reuters expect in the business climate index. To see a rise to one suit from one -- one point four last month. The expectations index is also seen -- That is also must suffer now we're joined Reuters every -- this time to look ahead at the store sentiment of the market. -- -- problems is its.