Reply To: Traders Market Weekly: Valuation Matters in Earnings Season


Major European indices trade in the red.

The U.K. reported better than expected growth figures for May.
Bank of England Governor Bailey said that he is still seeing signs of robust cost and price pressures.
There are eight candidates to replace Boris Johnson as party leader.
Germany’s CPI dipped from last month’s peak in the June reading while yr/yr inflation rates in France and Spain overtook this year’s peaks.

—Equity Markets—

STOXX Europe 600: -1.8%
Germany’s DAX: -1.6%
U.K.’s FTSE 100: -1.0%
France’s CAC 40: -1.4%
Italy’s FTSE MIB: -1.5%
Spain’s IBEX 35: -1.0%