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European Events to Watch Out For Next Week

CNBC.com
Friday, 13 Jun 2008 | 1:17 PM ET

Monday

U.S. President George W. Bush is expected to be in Britain meeting with British Prime Minister Gordon Brown as part of a Europe-wide tour to bolster ties.

Bosnia is due to take the first step toward eventual European Union membership by signing the Stabilisation and Association Agreement.

The EU releases harmonized consumer price index data.

Tuesday

French utility giant EDF and bank BNP Paribas hold their annual general meetings.

The German ZEW Indicator of Economic Sentiment is released.

Wednesday

Corporate Express holds an extraordinary general meeting where its Staples bid will be discussed with shareholders.

European Energy Assets, which specializes in energy acquisitions, launches it initial public offering.

Sweden’s Hennes & Mauritz releases its first-half earnings results.

The Bank of England reveals minutes from the Monetary Policy Committee’s June meeting.

Thursday

British Airways subsidiary OpenSkies launches, providing services between continental Europe and the U.S.

The European Council holds a meeting with heads of state from the 27 EU members due to attend.

Friday

Germany releases producer price index data for May

The FTSE Index unveils its quarterly review and changes to its components.

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  • Jan Dunning, CEO of St Petersburg-headquartered hypermarket chain Lenta, says the situation in Ukraine has had no impact on the group, as consumer confidence remains unaffected in Russia.

  • Vincent Deluard, European strategist at Ned Davis Research Group, says the strong euro is a problem for the region's companies, especially for the large exporters.

  • European shares closed higher on Thursday as investors brushed aside concerns regarding Ukraine and focused instead on Wall Street earnings and the latest U.S. jobs data.