Mar. 7 - Greece has markets on tenterhooks again, but hopes for a bond swap deal rise after major banks and pension funds throw their weight behind it.
European equities rebound from yesterday's big sell off but Greece has markets on tend to -- again. As investors wait to see whether or not depriving credits is what agreed to take part in a -- -- tomorrow is deadline date for the swap. And hopes rising today off a major banks and pension funds through that -- behind in -- getting closer to the minimum participation rate needed to ensure the deal goes through. Greece meets -- -- redemption later this month and avoids default. But even if that's what does go through analysts say it's unlikely to be the end of the story degrees. Remember if we get this PS -- three -- still looking -- it that GDP ratio about a 120% of GDP by 20/20. Under the eurozone -- -- rules -- should be closer to sixty. And therefore it's fair to say that if this if this credit restructuring gay -- we still believe that Greece will have to see another wave of debt forgiveness to get it that people. Debt to GDP ratio I -- some reasonable figures. Central banks also on the spotlight tomorrow the ECB and Bank of England both seen leaving policy unchanged. Analysts likely to be watching for signs of internal dissent of the ECB often Bundesbank president against my month. One loss week the bank's balance sheet now over three trillion euros was a breaking point. -- been filed for earnings from. The company was on depression spell out its strategy for expansion in the US. Anheuser-Busch in -- synergies or pull the world's biggest brewer a full roster raise its dividend despite the difficult global outlook for beer sales. That is -- -- from us for now but join us again every day at this time from look ahead of the key drivers on Europe's markets and this is Royces.