The income and spending report for the US is forecast to indicate a softening in core inflation for October. While simmering down, the annual pace is still more than twice the central bank’s goal
India's economy will grow at a slower pace of 6.7% in 2012 instead of a previous 7.7% forecast, according to the United Nations, which warned that the euro area debt crisis will remain the biggest threat to world economy this year.
The BRICS emerging economies are taking tentative steps to offer support to the euro area, possibly by buying bonds, although doubts emerged that a significant plan could materialise.
Callum Henderson,MD, Global Head Of FX Research, Global Research Standard Chartered Bank takes CNBC-TV18's viewers through what to expect from the Euro area and what does the Greek debt default really mean to various asset classes and to the currency pairs.