Euro watch in force; data may offer distractions

NOTE:
HSI UP 19,137.17 (+173.28 or + 0.91%)on 11-11-11
DOW UP 12,153.68 (+259.89 or +2.19%)on 11-11-11

“GDP releases for Germany, France and the euro zone will be closely watched to assess the impact of the crisis on the real economy in [the third quarter],” economists at Markit said in a research note Friday. “Growth rates may have rebounded in France and in Germany.”

The Bank of England’s quarterly inflation report will be released on Wednesday. The report will also give “important insight into how the crisis has affected the growth and inflation outlook,” Markit economists said. “The report will no doubt show a more pessimistic growth outlook, and will be scrutinized for clues as to whether more [quantitative easing] will be announced in December.”

http://www.marketwatch.com/story/euro-watch-in-force-data-may-offer-distractions-2011-11-11?pagenumber=2