Aug. 3 - Germany holds a debt auction on Wednesday, while the Bank of England will release its inflation report and miners Xstrata and Rio Tinto will release their earnings reports.
I look forward to next week in the key events going on in Europe but that's the headlines from today. US employers hiring more workers but the jobless rate rises to eight point 3% keeping pressure on the -- -- stimulus. I'll PS confirms it -- stop the misconduct after an investigation. By regulators and some Libor rate rating. The bank also reporting a drop in first half operating profit. I'm more gloomy in Europe is the service sector gives little hope of any turnaround. PMI data showing order books that eurozone companies tripling -- -- Well looking ahead to next week now gently held the ten year bond auction on Wednesday. Not likely to show just how much appetite is left for low risk debt with yields near record lows. It affects the Euro trade weighted index still hovering near ten year low. Keep us economics -- upcoming labor -- the single currency may regain some strength going into next week as analysts digest Thursday's comments from Marriott tracking. We're going to see some. At the very recent removal of consensus for investors to exit. The shall -- of those you'll cuts or to worry about. -- it liquidity -- leading to the direct -- you can sense as that momentum stopper lines this marks a college it was good to see the photos that have been behind your weakness. In recent weeks about eight and for that reason -- expect -- to be an -- stronger. The Bank of England will release its inflation report also on Wednesday. Deflation falling much faster than the bank predicted in May hitting it -- an -- year low of 2.4 percent in June. And PC this week deciding it's too -- to step up efforts to bolster the British economy despite the lingering recession. Economists are expecting further stimulus later this year. And a look at earnings next week and results cue from the mining giant Xstrata on choose -- and Rio Tinto on Wednesday. This week Xstrata saying it's looking to a stronger second half as it replaces aging operations and undertakes production boosting expansion. Rio Tinto is cutting stuff in Australia and closing at Sydney office as it battles falling commodity prices and threats to to -- from Europe's debt crisis. Elsewhere earnings -- from Thyssen Krupp the German steelmaker last week. Saying it would temporarily cut working -- it is domestic -- in response to a slowdown in the mountains. IING results also -- the Dutch bank considering the sale of its UK and Canadian online banking business it's. That's a look at that we can't stay with us about updates throughout the US trading day -- Nigel Stephenson -- is --