Major European indices trade firmly in the green while the U.K.’s FTSE (+0.2%) struggles to keep pace as AstraZeneca (AZN) weighs amid reports that the company held merger talks with Bristol-Myers Squibb (BMY).
STOXX Europe 600: +0.4%,
Germany’s DAX: +1.5%,
U.K.’s FTSE 100: +0.2%,
France’s CAC 40: +1.3%,
Italy’s FTSE MIB: +0.9%,
Spain’s IBEX 35: +0.8%.
Falling energy prices and indications of U.S.-Iran deescalation have contributed to the overall strength in the region.
Eurozone
Final July Manufacturing PMI readings from the region showed some deceleration in growth compared to flash estimates, though the eurozone’s reading (51.9) remained above 50.
July Manufacturing PMI 51.9 (expected 52.0; last 52.0)
Germany
June Retail Sales -1.1% m/m (expected -0.4%; last 1.2%); -0.2% yr/yr (last -2.8%). July Manufacturing PMI 52.2, as expected (last 52.2)
U.K.
July Manufacturing PMI 51.9 (expected 52.8; last 52.8)
France
July Manufacturing PMI 49.8 (expected 50.0; last 50.0)
Italy
anufacturing PMI 51.3 (expected 52.5; last 52.2)
Swiss
July CPI -0.1% m/m, as expected (last 0.0%); 0.4% yr/yr (last 0.5%).
July Manufacturing PMI 53.2 (expected 54.5; last 54.3)