April 23 - A look at the key market events on Tuesday including the FOMC meeting, Spain's T-bill auction, the UK's PSNB, plus results from ARM & Remy-Cointreau.
The headlines on Monday afternoon Europe's fight -- Islam as China stabilizes. PMI data shows the Euro zone's manufacturing sector having his worst month since June 2009. While Chinese factories enjoy that best performance this year. -- they -- that pricey baby food battle of the world's biggest food company digs deep to be -- the -- for the fires have business units. I Sarkozy gets tough on immigration France's president. That's not the right wing rhetoric and an attempt to narrow false while -- first round and action movies. While looking ahead to Tuesday now the Federal Reserve begins day one of a two day policy meeting. According to latest Reuters poll a slowly improving US jobs market and reasonably solid growth at the start of the year. Have got the chances of another round of bond purchases. But for the Fed monitoring -- healing but still fragile economy a statement expected on Wednesday will still be closely watched. Commerce bank's stated Dixon says it'll be a little while yet before the fact it makes any minute. On the face of the man who -- so -- I think the two we still out its. A lot of the Atlanta market data has been used to be decent -- -- the Assad lead the market says it's discipline fantastic but you know club of lake is moving in the right direction. -- and I think under those circumstances. The Fed can afford to -- fire. It feeds into an -- see signs of the year the the economic care trend is about to turn around which of course could happen. -- first things which go by you only use them but I think for where I'm looking at the moment. I give it a slightly less than 50% probability in the course of. This year. Plus by once again in the spotlight just Madrid auctions three on six month bills tomorrow. Spanish yields back about 6% today as a political crisis in the Netherlands -- investor fears of a threat to Euro zone debt commitments. As -- PMI numbers also piling pressure on the region's -- job tax. -- you tomorrow likely to show Britain's budget deficit rising further the government's preferred measure of public sector net borrowing. -- a record high for the month of February jumping to more than fifteen billion pounds. Out of corporate results just keep on coming tomorrow we'll get numbers from arm holdings which designs chips iphones. As far as the drugmaker Novartis -- today announced plans to spend over half a billion dollars on a new factory in Switzerland. I'm -- -- truth to -- for the French spirits fans premium cognac is booming in Asia particularly among Chinese trinkets. But I'll look ahead to ask you stay I'm Nigel Stephenson who face this process.