Major European indices trade in the green.
STOXX Europe 600: +0.4%,
Germany’s DAX: +0.3%,
U.K.’s FTSE 100: +1.3%,
France’s CAC 40: +0.8%,
Italy’s FTSE MIB: +0.5%,
Spain’s IBEX 35: +1.0%.
The French parliament banned the use of social media for children under 15.
U.K.
British Prime Minister Burnham will seek to reduce taxes for hospitality businesses while also calling for fiscal restraint.
The U.K.’s inflation report for June was fairly close to expectations and had no meaningful impact on the market’s expectations for the Bank of England to keep its bank rate at 3.75% next week.
June CPI 0.1% m/m, as expected (last 0.2%); 2.6% yr/yr (expected 2.7%; last 2.8%).
June Core CPI 0.3% m/m (last 0.3%); 2.6% yr/yr (expected 2.5%; last 2.6%).
June Input PPI -2.0% m/m (expected -2.7%; last 0.6%) and Output PPI 0.0% m/m (expected -0.1%; last 0.3%).
June House Price Index 2.7% (expected 3.2%; last 3.8%)