July 12 - 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.
The Bank of England publishes the minutes from Malkani the last meeting this Wednesday night. Markets waiting to see the new governor now will follow in the footsteps of Ben Bernanke and -- dry heat. It's moving forward guidance -- cannot head of European ethics class G at Morgan Stanley says if he does stunning will -- I think the market is now. Preparing for an introduction of more forward guidance we believe they could we'll take the form. Both Tom consume contingents guidance but we wouldn't rule out come the fresh -- and guidance as well say I think that is the is going to focus the stunning. -- can't be very much a policy and what form guidance is going to take. Now guidance is probably going to be tied to the level of unemployment according to which is Paul. UK jobless they did that ouster Wednesday note change seem to be unemployment rate to seven point 8% by the cleanest counts. Is expected to fall by 8000 jobs -- as. Last month's surprise biggest show of the claimant count fell by 8600. In May the seventh consecutive -- It really is a heavy week for the UK economic fronts especially inflation. Consumer prices seen rising 83%. Annual -- in June up from two point 7% in May. Any higher and that saying Connie would be forced to write to -- to chancellor George Osborne. Explaining why inflation was out with the bank's one to 3% target and retail prices also expected to rise to 3.4 percent in June up from three point 1% in -- The annual rate of retail and producer prices also expected to rise last stint against investors will be watching the -- second quarter GDP on Monday. Polls -- annual growth has slowed to seven and a half percent in the April June period. Downbeat trade data this week fueling fears it could be even -- Morgan Stanley in stand -- says -- markets have been pricing in a China's slowdown for some time now. But probably aren't prepared for reading the -- 7%. -- giving gaze of focusing on that he had sent him to cents a area. But if we get a substance and print I think that will cause a bit of that initial shock to currency markets could lead to some further. Risk of unwinding scenario is developing in the short term but I think increasing the market is now looking towards the US. As a driver for global growth and that he's. Central banks scrutiny continue says G-20 finance ministers and Central Bank -- -- me and mosque is this coming Friday. -- general want the US federal desires and -- steps might beat. Worries the Fed could stall winding up at QE program nativist yet continue to feel higher market interest rates around the world. And rising financial market on the Tennessee. In fixed income Johnny says to -- it with -- been in years left at -- -- -- on Wednesday. Spain and France also holding significant -- on Thursday. -- is looking to sell up to nine and a half billion euros of long term bonds testing investor appetite in an increasingly incest and market environments. The John and -- W index of investor sentiment is out on Tuesday. Tonight is on the -- rising slightly to 39 point six and that would mean three straight months and creating confidence. Suggesting he -- largest economy is on track for a modest recovery. Often is -- style to the yet. Now no changes seem to these final reading of eurozone inflation but -- holding steady at one point 6%. The region's trade balance is expected showing some class of eleven point eight billion euros from may. Gallon up from fourteen point nine billion in April. And on the earnings front drug -- make an -- reports Q2 results on Thursday. Goal -- cool linings for the second quarter down two point 9% on a yen eight basis SAP and Ericsson also reporting next week. And I thought enough ahead to next week's key events I'm managing all this is choices.