Major European indices are mostly higher, sporting modest gains in a move that has drawn support from sliding oil prices.
—Equity Markets—
STOXX Europe 600: +0.1%
Germany’s DAX: +0.3%
U.K.’s FTSE 100: -0.4%
France’s CAC 40: unch
Italy’s FTSE MIB: +0.4%
Spain’s IBEX 35: +0.5%
Corporate news hasn’t been much of a market mover, taking a backseat to economic news that included a data dump from the U.K. that featured stronger-than-expected GDP for June and a larger-than-expected trade deficit for June.
The Norges Bank left its key policy rate unchanged at 4.25% but suggested it may need to raise rates again.
Eurozone
June Industrial Production 0.0% m/m (expected -0.1%; prior 0.3%) and 0.1% yr/yr (expected -0.8%; prior -0.1%)
U.K.
June GDP 0.3% m/m (expected 0.0%; prior 0.0%) and 1.1% yr/yr (expected 0.8%; prior 1.2%),
Q2 GDP 0.4% qtr/qtr (expected 0.4%; prior 0.6%) and 1.2% yr/yr (expected 1.1%; prior 0.9%);
June Industrial Production -0.2% m/m (expected 0.1%; prior -0.7%) and -0.2% yr/yr (expected 0.2%; prior 1.0%);
Business Investment 1.7% qtr/qtr (expected -0.3%’ prior 0.9%);
June Trade Balance -GBP23.01B (expected -GBP20.60B; prior -GBP21.08B);
June Construction Output -0.1% m/m (expected -0.3%; prior -0.8%) and -2.3% yr/yr (expected -2.4%; prior -2.0%)
Spain
July CPI 0.3% m/m (expected 0.2%; prior 0.6%) and 3.6% yr/yr (expected 3.5%; prior 3.2%)
Switzerland
July PPI -0.1% m/m (expected -0.2%; prior -0.3%) and -2.1% yr/yr (prior -2.1%)