May 15 - A look to the close of the European markets and a look ahead to the next day's trading, as well as what to expect from the Asian markets overnight.
European shares fall to the lowest this year as grease -- fresh elections. The failure of talks on forming a new coalition could pick -- -- closer to -- -- -- an exit from the you know. Other headlines on -- today a new chapter in the -- as on cycle opens with a sweating and all of you French president flaws while -- long time. And his inaugural address he calls for a good looking golf carts to consummate the German led austerity drive. And others he takes the challenge to battle and I'm chancellor angle on medical. They spit ups just IP or range to between 3458. Dollars a share up. The offering aims to raise twelve billion dollars potentially of valuing the social network more than 100 billion. On one of the -- my docs Q attendance is charged with interfering with a police investigation. The charges against Rebecca Brooks and others are the first in the phone hacking scandal which has blocked Murdoch's media empire. Most for a look at the day ahead in Europe the Bank of England publishes its quarterly inflation report on Wednesday. Witty old stubbornly rising crises the -- bolted last week not to give the UK economy another injection of cash even though Britain has slipped back into recession. Most economists reckon the buying has ended its program of quantitative easing although significant minority believe it -- on the -- back on soon. James Hughes chief market analyst at Al Thani says don't rely more -- even though it looks unlikely. Since I don't have that shut the door indecisive -- a -- can with what's been going on recently what's happened to that GDP number -- the surprises that that and the confidence is going to be hit from that. I think he could because of the big -- quiet for live for a little while longer yet. Germany options fight billion euros of ten year bonds the -- -- text investor appetite to keep buying German bonds for next to no Raton. When yields edged up from record levels today often -- the -- not only avoided recession by the skin of -- teeth in the fourth quarter. German yields global one point 5%. Stand in stark contrast to the 6% plus investors are demanding for lending to Italy and Spain. On the corporate front Airbus parent EDS is expected to report first quarter earnings nearly doubling to 371. Million euros. Airbus to come not only of this month after the gulf county -- had console autos but his next generation if he fifties -- more than 2.3 billion dollars. We'll also hear from week -- -- -- I -- European companies have lagged behind their US counterparts in beating earnings forecasts in the first quarter. -- Potts equity strategist at Barclays wealth says you -- stocks still offer good value. I think what you can say is profitability continues to right balance sheets outside the financial sector very healthy indeed. Many companies are watery casts an amount given the weakness that we've seen him and she markets. I radicals of the past couple of weeks valuations of incredibly attractive. Bless all front nine but state insurance insider for all the latest business economic and market news. I'm Jamie media about this -- draw attention.