April 3 - A look at Wednesday's key news events including the ECB monthly meeting, service sector surveys in the euro zone and Britain, plus bond auctions in Portugal and Spain.
The headlines cheers there all afternoon Murdoch to quit sky news reports Rupert some Jennings stepped down from his role as peace Darbee chairman later on today. Told JPMorgan banker resigns top dealmaker Ian how -- -- defied a 450000. Pound fine for -- on inside information. I'm Molson pet society the North American brought -- disclosed Japanese rivals by east European -- -- have. But two point 65 billion euros. Ahead to Wednesday now and -- -- Wednesday meeting for the European Central Bank had to be step persistently high inflation like you to prevent any new measures. To boost Euro -- economic recovery. ECB president marriage drug he says the worst of the crisis is over but recession concern about Spain and questions about whether Portugal needs a second bailout remain. All BS economists Sylvia -- it sort of says the periphery crisis will deteriorate later this year. And the ECB will be forced to step in again. Our local believes that that that the pretty free prizes -- deteriorate significantly in this are confronted the -- to be in the second quarter. And in that come -- -- that he did the ECB would lead to step up a -- intervention side if we -- -- on -- heroes or. Week -- additional bond buying program. We'll bring your marriage right -- news conference live on Roy desire from one Ceci London time tomorrow. In other economic news tomorrow dates from the Euro -- services sector will be watched for any signs of weakness services PMI and the UK -- expected to expand. At a slower pace than February. Whispers of -- UK recovery grew louder today when the British chamber of Thomas at 2012. Has so far shown a modest rebound Michael Hewson has a market analysts see NC office. I'd certainly be more inclined to believe the British chamber of commerce than on what the LEC day as you might be cold the other -- last week came -- said that the UK economy. Was money to experience a technical double dip recession in the -- line. But actually contract all the thanks to that we've seen outside far this year points to the complete opposite of that. Coming up on the -- in Spain and Portugal to watch out for tomorrow between two and a half in three and a half billion -- as -- from Madrid. And around one and a half billion from Lisbon the yield on the ten year Spanish government debt is creeping back up towards the -- find an officer and mark. Nearly one percentage point above the recently seen in February. That is our look ahead on Wednesday -- -- profile this is rice's.