Major European indices trade in the red with travel-related names among the laggards due to the continued rise in the price of oil.
STOXX Europe 600: -0.6%,
Germany’s DAX: -0.7%,
U.K.’s FTSE 100: -0.3%,
France’s CAC 40: -0.8%,
Italy’s FTSE MIB: -0.4%,
Spain’s IBEX 35: -0.9%.
Bank of England Governor Bailey told the U.K. Treasury that risks to financial stability have increased.
Hapag-Lloyd raised its guidance for the year due to strong demand and high freight rates.
Germany
Germany’s Economy Ministry observed some stabilization in the German economy at the mid-year point.
June WPI -0.7% m/m (expected 0.5%; last -0.6%); 4.9% yr/yr (last 5.9%)
Swiss
June PPI -0.3% m/m (expected -0.5%; last -0.4%); -2.1% yr/yr (last -1.8%)