Major European indices trade in the red.
STOXX Europe 600: -0.9%,
Germany’s DAX: -1.2%,
U.K.’s FTSE 100: -1.3%,
France’s CAC 40: -0.8%,
Italy’s FTSE MIB: -1.2%,
Spain’s IBEX 35: -0.4%.
Manager Magazin reported that Volkswagen could cut up to 100,000 jobs as part of aggressive restructuring that would also include a spin-off of the passenger vehicle brand.
Near-term consumer inflation expectations decelerated slightly to 3.5% from 3.9%, according to a survey from the European Central Bank.
France
May jobseekers 3.116 mln (prior 3.100 mln)
Italy
June Business Confidence 88.4, as expected (prior 87.9) and Consumer Confidence 92.4 (expected 94.5; prior 93.4). May non-EU trade surplus EUR3.84 bln (prior surplus of EUR3.85 bln)