Major European indices trade on a mostly higher note.
STOXX Europe 600: +0.1%,
Germany’s DAX: -0.1%,
U.K.’s FTSE 100: +0.6%,
France’s CAC 40: +0.3%,
Italy’s FTSE MIB: -0.3%,
Spain’s IBEX 35: +0.2%.
Several large companies reported their results with Mercedes beating expectations but trimming its guidance.
Military contractor Safran raised its guidance for the year while Orange and Barclays beat their quarterly expectations and raised their outlooks.
Unilever reported strong volume growth for the quarter.
The Swiss National Bank is expected to keep its rate at zero until the end of next year.
France
July Consumer Confidence 86 (expected 85; last 84)
Italy
non-EU trade surplus EUR2.55 bln (last surplus of EUR3.84 bln)
Spain
June Retail Sales 0.5% yr/yr (last 1.3%) and Q2 Unemployment Rate 9.87% (expected 10.1%; last 10.8%)