Major European indices trade near their flat lines while Spain’s IBEX (+0.5%) outperforms with industrial and consumer names among the leaders.
STOXX Europe 600: -0.1%,
Germany’s DAX: UNCH,
U.K.’s FTSE 100: -0.3%,
France’s CAC 40: +0.1%,
Italy’s FTSE MIB: +0.3%,
Spain’s IBEX 35: +0.5%.
Siemens Energy reported strong quarterly results while DHL affirmed its guidance.
UK
The U.K. is planning to provide about GBP9 bln in infrastructure support for housing and businesses.
July Services PMI 52.1 (expected 51.8; last 48.8)
Eurozone
July Services PMI 52.0 (expected 51.9; last 50.0).
July PPI -0.3% m/m (expected -0.2%; last 0.2%); 4.6% yr/yr, as expected (last 5.9%)
Germany
July Services PMI 49.8 (expected 49.6; last 48.6)
U.K.’s
France
July Services PMI 49.6 (expected 49.8; last 46.8)
Italy
July Services PMI 52.5 (expected 51.0; last 50.2)
Italy’s Economy Minister Giorgetti said that his country will use extra deficit allowances for energy and defense spending.
Spain
July Services PMI 53.8 (expected 54.9; last 54.2)