Major European indices trade on a mostly lower note after it was reported that a ship traversing the Strait of Hormuz was hit by a missile.
STOXX Europe 600: -0.5%,
Germany’s DAX: -0.4%,
U.K.’s FTSE 100: +0.1%,
France’s CAC 40: -0.4%,
Italy’s FTSE MIB: -0.6%,
Spain’s IBEX 35: +0.3%.
Technology stocks are under pressure while energy names outperform.
Eurozone
European Central Bank Chief Economist Lane said that inflation is expected to remain around 3.0% for the remainder of the year.
August ZEW Economic Sentiment 31.4 (expected 25.9; last 23.4)
Germany
Germany’s ZEW Economic Sentiment for August (34.2; expected 30.1) beat expectations, reflecting benefit from infrastructure spending.
August ZEW Economic Sentiment 34.2 (expected 30.1; last 26.3) and ZEW Current Conditions -61.1 (expected -68.8; last -77.6)
U.K.
June three-month Employment Change 83,000 (last 147,000),
June Average Earnings Index + Bonus 4.1% yr/yr (expected 4.0%; last 4.4%),
June Unemployment Rate 4.9% (expected 4.8%; last 4.9%).
July Claimant Count Change -11,000 (expected 16,500; last -6,400).
Q1 Labor Productivity 0.5% (expected -0.5%; last -0.7%)