European data re-cap - UOB

Analysts at UOB recapped the data form yesterday in light of a calendar that was empty earlier today.

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Key Quotes:

"Germany’s latest IFO survey reported only a 0.4pt decline in headline confidence to 108.3 in July, leaving it firmer than in May. The present situation index actually improved 0.1pts to 114.7, which is the best reading since August last year, whilst the expectations index fell 0.9pts to 102.2."