Major European indices trade in the green.
—Equity Markets—
STOXX Europe 600: +0.7%
Germany’s DAX: +1.7%
U.K.’s FTSE 100: +0.4%
France’s CAC 40: +0.9%
Italy’s FTSE MIB: +0.6%
Spain’s IBEX 35: +1.3%
AstraZeneca beat Q2 earnings expectations while Audi lowered its revenue and margin guidance for the year.
Eurozone
June Private Sector Loans 3.0% yr/yr (expected 3.1%; last 3.0%) and loans to nonfinancials 4.0% yr/yr (last 4.0%)
European Central Bank policymaker Kazimir said that a September rate hike is needed even if the outlook improves.
U.K.
July CBI Distributive Trades Survey -26 (expected -45; last -54)
Bank of England is expected to hold its bank rate steady on Thursday, but some hawkishness is the central bank’s commentary is expected.
Germany
July ifo Business Climate Index 86.6 (expected 86.1; last 85.7). July Business Expectations 86.7 (last 84.3) and Current Assessment 86.5 (last 87.0)