Dec. 27 - A look ahead at Friday’s key events including more fiscal cliff deliberation, an Italian bond auction and French GDP data
This doesn't look ahead to -- these key political and financial events. -- to prevent the US economy going over fiscal cliff once again the key focus for investors. President Obama has cut shots this Christmas holiday in Hawaii to trying to divide budget crisis talks spot in Washington. A senior administration official told reporters traveling with the president. The senior Republican leaders in congress and house speaker John Boehner should step up to head off the looming tax and spending it. IG's well head and says there won't be a deal before the 51 of December it. Deadly but -- we expected this week opportunities even as well it's going to be difficult -- -- dot -- perhaps we'll see extended negotiations over the weekend it. Oversee the the -- -- congress meets with house to get -- and the weather in this in the northeast US. I'm lucky to have that I think the -- that being a deal done and perhaps set a week OT tall and quite a whole wants the I want to get through the other side of the the fiscal cliff and and the pressure restarts to mount the news that we we get from America is that the election there's going to get very. -- disgruntled with the white politicians -- meeting -- for on site perhaps we gonna see deal within a couple of weeks but we -- expecting it's become one using an -- The only real standouts model heating -- as an Italian bond auction this marks the start of at least try to -- as twenty -- -- funding needs Italy and Spain will be a particular focus -- next year with -- still likely to make a request for you eight. Italians go to the polls in February and the school for an unstable I'd come which -- so -- you know zone but into crisis mode. Mario Monti says he would consider a second time as prime minister approached by allies committed to backing has the farms. IT's head and says that election is losing its lead. But honestly -- I think with what we're learning on the political situation if you of the election coming up. I'm -- Monty saying he's stepping down -- saying he may indeed I'm running gang if you if you if you if you. This situation. Seems him I think this is putting a little bit more focus on the Italian so for yields of -- we've seen in the last few weeks we did see a short time that option should I. I see you what's emphasis on the higher than they had been previously I think that's what we're -- expect from tomorrow's don't -- to go from. A few bits of economic dates -- you tomorrow French consumer spending expected to have been flat in the -- but after October's fall. Details also due on fronts -- third quarter GDP. To liberate their -- about zero point 2% rise -- Italian producer price is forecast to fall again in November but that's a slightly slower pace than the previous month. And world news attention focused once again on efforts to bring peace to Syria international envoy Lakhdar Brahimi. Has been in Syria this week holding meetings with president Assad and a number of opposition for those. But he has denied speculation has visit is to propose a peace plan a three by Russia and the United States the karma ballroom. Some say in this area and outside -- innocent I have come here it's locked into Russian American project. And Oshawa is a Russian American project there is no Russian American project and hence I didn't come hits and knocked it. Not so look ahead to Friday I'm -- to give up that process.