Aug. 5 - A look to the close of the European markets and a look ahead to the next day's trading, as well as what to expect from the Asian markets overnight.
The big release -- -- Italian GDP the pace of recession expected to have eased in the second quarter to a contraction. Cardinal -- -- percent from the point six the annual rate of contraction seen slowing to 2.2 percent. This would fit in with the broader trend the Euro zone is slowly but steadily pulling itself out of recession. Italy's -- a -- sexual associate improving the pace of contraction for industrial output. Expected to slow to 3.3 percent in June down from four point 2% that's on a yearly basis. The UK picture looking brighter as well industrial output seen expanding in June at a rate of -- point 7% on a yearly basis. A big improvement on -- 2.3 percent contraction. Meanwhile Europe's powerhouse Germany sees a boost industrial orders and you know point 3% growth on a monthly basis that's up from 1% contraction. Back and made. Comical performance on a charter reporting -- -- -- expectations of a slowdown in the first -- but an upbeat outlook for the rest of the year. Other banks reporting tomorrow include Italy's UniCredit some French banking group Credit Agricole. Intercontinental releases its interim results choose -- the hotel troopers to global growth of three point 1% in Q1. Other names reporting tomorrow include -- a pollster and Porsche. Congress last -- head of equities Richard hunter says that while it looks like the Arizona has turned the corner high debt to -- means European equities remain high risk. You Roseanne as a whole has to be saying he's one investors. Pretty much continuing to avoid. Apart from -- and masters compared to -- contrary and a price. And seeing the growth might come through and exciting -- two to two years cited in summary Europeans probably for a high risk investors with a longer term time prime. -- -- I'm Richard comes -- that's a look ahead to Tuesday's givens. I'm actually throw the sports.