FXstreet.com (Barcelona) - The European markets continue to edge higher despite wider contraction in Italy’s Q2 GDP (annualized drop from -1.4% to -2.5%, quarterly drop by -0.7%) and industrial output (YoY drop from -6.7% to -8.2% in June, MoM contraction of -1.4% in July) and worse than expected Germany’s factory orders data. On a good note, the Italian government won a confidence vote in the lower house on extra spending cuts.
The German DAX 30 (+0.30%), the French CAC 40 (+0.55%), the Italian FTSE MIB (+0.74%), the Spanish IBEX 35 (+1.50%) and the Greek ATHEX (+2.00%) edge higher on Tuesday, while the British FTSE 100 falls by -0.15% on worsening industrial production ahead of tomorrow’s BoE quarterly inflation report and as the UK government coalition remains tense. The Swiss SMI 20 is down by -0.30% after the still poor results of the CPI inflation report.
Futures for the American S&P 500 (+0.30%), Nasdaq 100 (+0.60%) and Dow Jones (+0.20%) are signaling a higher NY opening ahead US consumer credit change. WTI crude oil trades at $92.35 (+0.20%) and Gold is quoting at $1615 (+0.28%).
The German DAX 30 (+0.30%), the French CAC 40 (+0.55%), the Italian FTSE MIB (+0.74%), the Spanish IBEX 35 (+1.50%) and the Greek ATHEX (+2.00%) edge higher on Tuesday, while the British FTSE 100 falls by -0.15% on worsening industrial production ahead of tomorrow’s BoE quarterly inflation report and as the UK government coalition remains tense. The Swiss SMI 20 is down by -0.30% after the still poor results of the CPI inflation report.
Futures for the American S&P 500 (+0.30%), Nasdaq 100 (+0.60%) and Dow Jones (+0.20%) are signaling a higher NY opening ahead US consumer credit change. WTI crude oil trades at $92.35 (+0.20%) and Gold is quoting at $1615 (+0.28%).
