Major European indices trade in the green while the U.K.’s FTSE (-0.6%) lags with AstraZeneca down nearly 10% after a drug in its pipeline failed clinical trials.
STOXX Europe 600: +0.1%, Germany’s DAX: +0.3%,
U.K.’s FTSE 100: -0.6%,
France’s CAC 40: +0.5%,
Italy’s FTSE MIB: +0.8%,
Spain’s IBEX 35: +1.2%.
The U.K.’s probable next prime minister will reportedly focus on aiding small businesses and improving the cost of living.
Hugo Boss rejected a $2.2 bln takeover offer from Frasers.
Germany
May trade surplus EUR19.1 bln (expected EUR14.9 bln; last EUR14.7 bln).
May Imports -2.5% m/m (expected 0.1%; last 1.1%) and Exports 0.9% m/m (expected -0.3%; last 0.8%)