May 23 - German manufacturing and Euro zone services are expected to have weakened significanlty in May, as the crisis in the region continues to take its toll.
Your band jazz are on the losing streak of rapid reversal of the rally in the last two day a thousand growing event any concrete action from Wednesday's EU summit. And that you talked about -- -- takes its told. The Euro slumped to a 21 month low against the Bill -- those concerns. Investors nervous too about a potential showdown between France and Germany and the idea of euros and bombs. -- if you needed any further proof of the power of safe havens investors rushed to buy as zero coupon German -- Yields on the two year did to a radical left. Other headlines at this -- more pressure on Greece Germany's Bundesbank -- it not to abandon austerity. -- Greek exit from the Euro would be manageable. For Bank of England edges closer to more -- me. Policy make -- David miles broke ranks and April to vote for 25 billion pounds stimulus touching a weekend economic outlook. Others said the decision was finally balanced. I'm -- this island is the drums of war the big powers meet to pressure Iran give up its nuclear ambitions. When looking ahead to Thursday now and German manufacturing is unlikely to have rebounded this month as the debt crisis in the eurozone chokes -- moms. Last month -- -- contraction in manufacturing PMI and nearly three years. Still business sentiment may be holding up -- -- institute's business climate measure is likely to remain close to a ten month high. Reflecting robust domestic conditions even asked the rest of Europe falters. Some analysts say a competitive devaluation is needed. I'm -- for the year is -- to be competitive. And for. The -- peripheral states to have any shown this polls recovering from that recessions. A year custody value substantially. And that is mainly going to be in the ninety if we see some form of money printing from the east team. -- Meanwhile Britain's recession could be even worse than feared revised GDP figures could show a further deterioration. To the north point 2% contraction. Official data suggest construction activity was lower than initially full cost. Ginger Rogers inside proposed 700 GMT for a snapshot of all the latest world news market headlines and social media -- I'm Nigel Stephenson this is what it's.