Sept. 3 - As the summer lull fades and the focus turns to the ECB's crucial policy meeting on Thursday, the German Chancellor Angela Merkel is spearheading the drive for a breakthrough in the debt crisis.
Has the some how well states eurozone leaders are stepping up a round of high profile shuttle diplomacy and telling me I'm an -- not -- Muncie. Seen here with Germany as I go a medical. -- vice president pause while long enrollment. Medical himself will hold talks with the European council -- Herman van rompuy and all building up of course the big day at the European Central Bank on Thursday. Such as the weight of expectation that the ECB will have to come up with something pretty big on bonds says come as banks pizza Dixon -- -- may be a surprise in store. I didn't expect to give some. Broad outlines of -- might do. If it were to buy bulbs so you get some kind of vague statements about. The kinds of bombs that the ECB might purchase it we will know what he's basically shorten buying. I think also we can expect a rate cut this week for what it's worth. And probably a further. Relaxation of the ECB -- natural sound it's it's six all means possible to to -- Money your liquidity into the economy. Without actually buying bonds at this stage. On the economic -- a front producer prices in the eurozone are forecast edging lower in July to get an annual rise of one point 6%. Perhaps surprisingly resilient given the weakness in the mind. US markets reopen on Tuesday after the Labor Day holding -- and the sum up. Most it will have its first full trading day to reflect on Ben Bernanke is what's in Jackson Hole last week. The Fed Chairman Kent Moore QB in play expressing grave concern for the US labor market. Friday's nonfarm payrolls will be -- week's main focus economists polled by Reuters -- expecting an increase of 155000. Jobs in August. Finally Australia sent to buck the talk of more stimulus all runs. The Central Bank is expected to leave rates on hold -- three and a half percent for the third successive meeting. But most economists do expect more easing from the obviate before the year is out. That's self and others moral -- -- dot com -- inside a platform and join us for the week but Reuters today I snapshot of the league to world news the market had legs. I'm -- media about this -- of.