Major European indices trade in the green.
STOXX Europe 600: +0.7%,
Germany’s DAX: +0.7%,
U.K.’s FTSE 100: +0.5%,
France’s CAC 40: +0.6%,
Italy’s FTSE MIB: +0.3%,
Spain’s IBEX 35: +0.3%.
Discount air carrier EasyJet rejected the fourth takeover offer from Castlelake.
European Central Bank policymaker Schnabel said that there has been an improvement in the short-term situation, but more rate hikes are needed.
Germany
July GfK Consumer Climate -29.2 (expected -27.8; last -29.7)
Germany is planning to sell $138 bln of debt in Q3.
U.K.
June CBI Distributive Trades Survey -54 (expected -41; last -46)
Reports from the U.K. indicate that support continues forming around Andy Burnham to become the next prime minister.
France
June Consumer Confidence 84 (expected 83; last 82)
Italy
April Industrial Sales 0.3% m/m (last 1.8%); 3.2% yr/yr (last 4.2%)
Spain
Q1 GDP 0.6% qtr/qtr, as expected (last 0.8%); 2.7% yr/yr, as expected (last 2.7%). May PPI 10.5% yr/yr (last 8.3%)