German ZEW Economic Sentiment Index (Jul) 26.3 vs. Exp. 18 (Prev. 10.5)
The German ZEW Economic Sentiment Index for July came in significantly above expectations, indicating improved confidence among investors regarding the economic outlook.
The UK sells GBP 5bln 4.00% 2029 Gilt: b/c 3.42x (prev. 3.35x), average yield 4.463% (prev. 4.238%), tail 0.3bps (prev. 0.2bps)
US FAA seeks to accelerate the market introduction of next-gen air taxis and supersonic jets
German ZEW Economic Sentiment Index (Jul) 26.3 vs. Exp. 18 (Prev. 10.5)
Schindler’s (SCHP SW) CFO, on earnings call, says it has successfully passed raw-material inflation costs to customers, particularly in its new installations business
[MARKET ANALYSIS] Gilts unreactive as former Defence Secretary Healey is selected as Chancellor
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- The export-oriented sectors as well as domestic demand experienced sustained growth.
This positive surprise, coupled with growth in both export-oriented sectors and domestic demand, suggests a stronger economic recovery, which may have implications for ECB policy and the euro's strength against other currencies.
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