July 20 - Some of Europe and America's biggest corporations report their quarterly earnings, following a string of results which were not as bad as many investors had feared.
Welcome to look at the week ahead the health of corporate America will be the main driver of market sentiment over the next few trading days. Europe's economic woes will also come under the spotlight with some of the region's biggest companies also report their results. The numbers which are coming so far haven't been exactly sparkling but the general consensus seems to be the the figures could have been -- works. Bellwethers as diverse as apple McDonald's Barclays and Royal Dutch Shell we'll tell direct stories next week. By the rise of nearly 5% in the MSCI's world stocks index so far this year is a lot more robust than many analysts had been expecting. Justin Urquhart Stewart of seven investment management sets policy makers need to do more on the macro economic. Front the next schools is likely to be low and slow -- little fat. But companies are coming out with good cash positions back to dividends that's very encouraging but as one would missing that vital word in any economy confidence from the confidence we don't spend as individuals and companies that invest. That's wave come back to that lack of credible political leadership again so proper leadership -- encourages companies to -- investing. And she making shall we can get small growth back into the economy. Meanwhile be so active is the message from vision -- -- head of global equities are Schroeder. I'm still quite underweight financials I do not have any commercial financial banks. I'm still quite comfortable with some of lukewarm on US names as well as some of the Asian names. And in Europe as I said I'm very -- still. -- countless companies are looking to Asia and China in particular to drive that prosperity in the future. Those hopes are looking shakier than they were off to China's growth slowed to its lowest in three years. HSBC's manufacturing PMI coming out on Tuesday will be closely watched. Last month the index came in below the fifty level which indicates -- activity. Clues to the health of Europe's biggest economy will come on Wednesday when Germany's. All three of the main index is a full cost to decline this month. But the IMF is striking a more positive note the pundits predicting economic growth of 1% in Germany this year and one point 4% next year. That's a gloomy outlook for the UK second quarter GDP also out on Tuesday. There's likely to show another drop extending the recession which Britain slipped into it -- of the yet. However there is something on the horizon -- economists polled by Reuters say should lift the UK back into growth. Just in case you haven't -- the London 2012 Olympic Games get under way with the opening ceremony kicking off at 2012 hours on Friday. The budget to nine point three billion pounds already more than triple the original estimates raising concerns about the cost of the event. But fiasco which is seeing the security group G4S failed to recruit enough stuff means British troops have been drawn to -- didn't have gone to games. London's already stretched transport network has another worry. And organizers are hoping that won't be any more embarrassing failures to divert world attention away from the actual sport. Well that's our look at the week ahead and follow our shares on Twitter apps Reuters Insider I'm not for students and this is for us.