The telecoms giant Alcatel-Lucent said its chairman and chief executive will both step down after its sixth straight quarterly loss.

The oil producer BP p.l.c. reported a surge in quarterly profit and sales, which were boosted by the soaring cost of oil.

Sony Corp, the world's second-largest consumer-electronics maker said its quarterly profit fell by nearly 50% citing a strong yen and price competition in its electronics sector.

Cognex Corp, the maker of industrial cameras used to detect manufacturing defects reported third-quarter sales and profit forecasts below analysts' estimates.

The stock market has made its way to a new session high. The session's tone has been largely influenced by the financial sector, which is up 4.5% currently.
The strongest names in the financial sector include big banks and money centers like Bank of America (+2.05) and JPMorgan Chase (+1.69).

The dollar advanced to a one-month high versus the euro and the yen as U.S. consumer confidence increased and crude oil prices dropped, reducing concern the economy may fall into a recession.
``The sentiment for the dollar is pretty positive,'' said Thomas Benfer, vice president of foreign exchange in New York at Bank of Montreal. ``Certainly the confidence number surprised the market. There may be light at the end of the tunnel.''
Sterling weakened 0.6 percent to $1.9813 after the Confederation of British Industry said its survey of 82 retailers showed 25 percent sold more goods than a year earlier and 61 percent sold fewer. The net rounded balance of minus 36 percentage points was the lowest since the survey began in 1983.
The yen declined earlier against the dollar after government reports showed Japan's unemployment rate rose in June to 4.1 percent, the highest level in almost two years, and household spending fell, adding to signs the economy's longest postwar expansion may be ending.
``At this stage, bad news in the U.S. will be translated to bad news elsewhere,'' said Alan Ruskin, head of international currency strategy in North America at RBS Greenwich Capital Markets Inc. in Greenwich, Connecticut. ``It provides some cushion to the dollar.''
The Dollar Index, which tracks the greenback against the currencies of six U.S. trading partners, reached as high as 73.322 today, the strongest since June 25. The Standard & Poor's 500 Index increased 1.2 percent.
Crude oil for September delivery dropped as much as 3.5 percent to $120.42 a barrel. The euro-dollar exchange rate and oil have moved in the same direction 90 percent of the time during the past year, according to Bloomberg calculations based on the correlation of their value changes.
The New York-based Conference Board's U.S. consumer confidence index rose this month to 51.9, higher than forecast, from a revised 51 in June, the lowest since February 1992.

Stocks trade near their recently reached session high. The market's advance is broad-based, although financials are posting the largest gain (+4.0%).
Within the sector, only two of 88 stocks are posting a loss. Merrill Lynch (-0.23) is down 1.0% after announcing more write-downs and a capital raise, although it has recovered from its multi-year low of $22.00 that was hit in the early-going.
Meanwhile, insurer XL Capital (-1.21) is down 6.6% on word that it is paying bond insurer Security Capital Assurance (+0.385) $1.8 billion, which will eliminate XL's exposure to SCA (XL holds 40% of SCA). In order to fund the transaction, XL is raising $2.5 billion in capital at $16 per share.

"Although consumer confidence was above expectations, the essential message of this report is unchanged. The report has a strong stagflationary feel to it."

Dow soars by more than 125 points on encouraging news from Merrill Lynch and a surprise rise in consumer confidence. Oil prices tumble, adding to rally.
Wall Street got an early boost Tuesday, with the Dow surging more than 125 points on plunging oil prices and on new hopes that the banking sector can pull itself out of the credit crisis.
A key measure of consumer confidence showed a surprise gain, also helping to boost stocks.
Stocks advanced at the open after investment bank Merrill Lynch said late Monday it would take a $5.7 billion writedown and sell off $11.1 billion in mortgage securities in the current quarter. The brokerage also said it plans to raise $8.5 billion through the issuance of new stock.
The market then continued its gains as oil prices fell further. Crude prices fell $3.15 to $121.58 per barrel Tuesday after OPEC president Chakib Khelil said oil was overpriced and will soon sink to $70 a barrel.
Consumer confidence got a surprise boost in July, according to the Conference Board's Consumer Confidence Index released Tuesday. The index rose nearly a point after falling in the previous six months. Analysts anticipated the index to fall again by 0.4 points.
The financial sector has seesawed in the past couple weeks. After many banks' quarterly financial reports came in better than expected, financials showed strong gains for several days. The sector began to sink toward the end of last week, however, as some dour economic news renewed fears that the credit crisis will not end anytime soon.
But after Merrill reported its move to shed its risky assets late Monday, financials rebounded, as investors hoped banks are positioning themselves to get out of the mess that the mortgage meltdown left them in.
Shares of Merrill still fell 6% on the news, but shares of most other banks advanced.
British oil company BP reported a 28% rise in quarterly profit Tuesday, boosted by high crude oil prices.
COMEX gold for August delivery fell $11.90 to at $916.80 an ounce after fluctuating above and below the break even point for much of the day.
Treasury prices fell Tuesday, sending the yield on the benchmark 10-year note up to 4.08% from 4.01% late Monday. Bond prices and yields move in opposite directions.

Low now at $1.5586 but order books getting pretty thin down here, traders says. Stops perhaps a risk sub $1.5560, one says.

The major indices climb to new highs, as investors remain encouraged by several better-than-expected earnings results and a steep drop in crude prices.
Crude prices extend their decline, now down 3.1% to $120.83 per barrel. Crude prices have dropped 22% since July 11, although they are still up 44% since last August.

Steven Wood at Insight Economics says confidence improved slightly in July, "probably due to the recent drop in gasoline prices. Nevertheless, the index is just above its lowest level since early 1992 and probably does not point to growth."

Better-than-expected earnings reports help the stock market extend its gains, overshadowing investor disappointment regarding Merrill Lynch's (-1.12) latest batch of write-downs and capital raises. Stocks get an added boost from an encouraging consumer confidence reading.
The Conference Board said that consumer confidence rose roughly 2% to 51.9 in July, compared to the consensus estimate of 50.1. This marks the first increase in confidence since December.
Steel stocks (+9%) are soaring this session after U.S. Steel (+20.66) blew past Wall Street's earnings estimate. Substantial steel price increases outpaced increased input costs. The company earned $5.65 per share, which was well ahead of the $2.91 consensus.
Colgate Palmolive (+3.94) is up nearly 6% after posting second quarter earnings per share of $0.98. The result marks a 17% year-over-year increase and tops the consensus estimate by four cents.

Losses extend to below $1.5665 area as morning US data delivers upside surprise and as crude oil tumbles further. Area of $1.5615/25 holds some bids and tech support.

EUR/USD: $1.5950, $1.5800, $1.5680

USD/JPY: Y107.80, Y107.65, Y107.35, Y107.00

GBP/USD: $2.0000

Futures have a muted response to an in-line home price reading (S&P futures +5.7, Nasdaq futures +10.5).
In deal news, Fording Coal is selling all of its assets to Teck Cominco, with unit holders to receive $14.1 billion. In overseas earnings, French telecommunication giant Alcatel-Lucent reported an unexpected second quarter loss, and announced that its CEO is stepping down. Sony reported a 47% drop in net profit from the prior year due to intense competition, although the results topped expectations. The company issued downside revenue guidance for fiscal year 2008.

U.S. Steel is up 5.6% in premarket trading after reporting second quarter of $5.65 per share, easily beating the $2.91 consensus. The company benefited from substantial price increases that outpaced increases in input costs.
In earnings news, Amgen topped expectations by $0.12, and raised its fiscal year 2008 earnings guidance. Waste Management , Teva Pharmaceuticals and Valero Energy also reported earnings that topped estimates.

Redbook reports firmer sales, says "Retailers continue to focus on clearing summer goods and bringing in back-to-school merchandise. The heat waves also have fueled demand for remaining inventories of hot weather items, from air conditioners to summer apparel. Meanwhile, Hurricane Dolly brought increases in sales."
Year-over-year: Week (w/e 07/26/08 vs year-ago) 2.9%
Year-over-year: Month (July 2008 vs July 2007) 2.7%
Month-over-month: (July 2008 vs June 2008) 1.2%

The following data were issued

06:40 France Consumer confidence (July) -48 -45 -46

06:45 France PPI (June) 0.7% 0.8% 1.3%

06:45 France PPI (June) Y/Y 7.3% 7.4% 6.7%

08:30 UK M4 money supply (June) final 1.8% 2.0% 2.0%

08:30 UK M4 money supply (June) final Y/Y 11.4% 11.5% 11.5%

08:30 UK M4 lending (June) final, bln +46.1 +45.9 +45.9

08:30 UK Consumer credit (June), bln +0.9 +1.1 +1.3 (+1.4)

10:00 UK CBI retail sales volume balance (July) -36% -15% -9%

The dollar retreated a bit from a one-week low against the euro, but holds under pressure on speculation an industry report today will show the U.S. housing slump deepened, increasing the risk credit-market losses will widen.

Signs of a weakening economy may deter the Federal Reserve from increasing borrowing costs, diminishing the allure of dollar-denominated assets.

The pound dropped sharply in value against other currencies after a survey by the Confederation of British Industry showed UK high street sales are falling off the charts.

In its distributive trades survey, the CBI said the balance of retail sales came of -36% (the lowest reading since the survey began in July 1983) versus June's -9%. Analysts had expected a more modest fall to -15%.

EUR/USD opened in early Europe around $1.5749. The rally was capped at $1.5759, with the rate again easing back under $1.5730, ending the morning holding around $1.5735. Stops under $1.5725, bids $1.5700, $1.5680, offers $1.5760, $1.5785.

GBP/USD opened early Europe at $1.9949. Cable slipped to session lows under $1.9900 amid weak CBI report. Early US trade opened with cable extending lows under $1.9880.

USD/JPY opened in early Europe around Y107.42. Rate then able to break above Y107.70 ahead of the US open. Strong offers Y108.10/20, Y108.40/60, stops above, bids Y107.30/20.

At В 14:00 GMT the focus will be on US consumer confidence data. Analysts predict index rose to 50,4 in July after 50,1 month earlier.

“The euro zone economy's outlook has really become more bleak,” said Jan Lambregts at Rabobank International. “Ultimately, that means the upside for the euro-dollar is becoming more capped at the moment.” Rabobank forecasts the euro will decline to $1.55 by the end of this year.

European equities remain weak, with the FTSE 100 down 0.54%, the Dax off 0.94% and the Cac in Paris off 1.27%.

The pound dropped sharply in value against other currencies after a survey by the Confederation of British Industry showed UK high street sales are falling off the charts.
In its distributive trades survey, the CBI said the balance of retail sales came of -36% (the lowest reading since the survey began in July 1983) versus June's -9%. Analysts had expected a more modest fall to -15%.
"The survey... significantly bolsters the case for the Bank of England to hold off from raising interest rates despite current elevated inflation levels and risks," said Howard Archer at Global Insight. "Indeed, it very much boosts the case for the next move in interest rates to be down," he added.
Euro weakens as a French government report today showed consumer confidence fell to a record 21-years low in July (-48).

Resistance 3: Y109.70
Resistance 2: Y108.10
Resistance 1: Y107.70
Current price: Y107.64
Support 1: Y107.20
Support 2: Y106.50
Support 3: Y106.00
Comments: Dollar tests minor resistance is around Y107.70, above – on Y108.10 (Monday’s high). Stronger level is around upper bound of the channel from the middle of July on Y109.70. Strong support comes at channel support line from Jul 16 at Y107.20 with a break under will accelerate losses to Y106.50 (Friday’s lows), then – to Y106.00.

Resistance 3: Chf1.0520
Resistance 2: Chf1.0470
Resistance 1: Chf1.0400
Current price: Chf1.0343
Support 1: Chf1.0270
Support 2: Chf1.0180
Support 3: Chf1.0140
Comments: Dollar tries to rebound with resistance still comes near Friday’s high on Chf1.0400/10. Break above will target channel line from Jul 15 on Chf1.0470 and then – to Jun highs on Chf1.0520/30. Strong support is near lower bound of the channel on Chf1.0270. Below correction may extend to Chf1.0180 and stronger support on Chf1.0140 (last Tuesday’s low).

GBP/USD war dragged down by the weak UK CBI data, challenging session lows on $1.9900. Small bids were mentioned there with stronger obes into $1.9860.

Resistance 3: $2.0130
Resistance 2: $2.0000
Resistance 1: $1.9970
Current price: $1.9947
Support 1: $1.9900
Support 2: $1.9840
Support 3: $1.9800
Comments: Pound tries to recover with minor resistance comes at session high on $1.9970. Above the rise may extend to $2.0000/05 (channel line). Strong level is near $2.0130 (Jul 15 high). Support remains at 50% Fibo on $1.9900 (of yesterday’s rise). Below losses may extend to $1.9840 (Monday’s low). Stronger level comes around channel support line from Jul 15 on $1.9800.

Resistance 3:$1.5940
Resistance 2: $1.5850
Resistance 1: $1.5760
Current price: $1.5735
Support 1: $1.5720
Support 2: $1.5660
Support 3: $1.5590
Comments: Euro tested yesterday’s high on $1.5760/70, but failed to extend that move. Meanwhile, a break above will open the way to channel resistance line from Jul 15 at $1.5850 and then – to $1.5940 (last Tuesday’s high). Support comes at 5-days channel support line on $1.5720, below – at $1.5660. Stronger level is around lower bound of the channel on $1.5590.

EUR/USD: $1.5950, $1.5800, $1.5680
USD/JPY: Y107.80, Y107.65, Y107.35, Y107.00
GBP/USD: $2.0000

"We have no explicit forecast about which direction the benchmark revisions will take, although it is natural to assume that periods of economic weakness are prone to downward revisions. Various data points, including the Index of Coincident Indicators and income side measures of GDP, point to a weaker run rate for the economy than the last few quarters of GDP data might suggest."

EUR
Bids: $1.5700, $1.5680
Offers: $1.5785

JPY
Bids: Y107.20
Offers: Y107.65, Y108.00/10

GBP
Bids: $1.9925/20, $1.9860, $1.9840
Offers: $1.9980, $2.0000

“Any dollar gains after the GDP report are likely to prove temporary,” said Masafumi Yamamoto at Royal Bank of Scotland Group Plc. “Growth due to fiscal stimulus is a one-off that will fade away in the second half of the year.”

The dollar traded near a one-week low against the euro on speculation an industry report today will show the U.S. housing slump deepened, increasing the risk credit-market losses will widen.
Signs of a weakening economy may deter the Federal Reserve from increasing borrowing costs, diminishing the allure of dollar-denominated assets.
The greenback snapped a five-day advance versus Canada's dollar after the International Monetary Fund said there's no end in sight to the U.S. housing recession.
Gains in the euro may be limited as a French government report today showed consumer confidence fell to a record 21-years low in July (-48).

EUR/USD consolidated within the $1.5740/55 range before sliding to $1.5725. Later euro rebounded to session highs before pressure resumed.

GBP/USD rose to $1.9968, but offers ahead of $1.9980 capped the rise and pound retreated to $1.9931.

USD/JPY held within the Y107.30/45 zone before rising to Y107.63.

In Europe attention will be on inflation data from Germany.
At 10:00 GMT CBI retail volume balance is due to come.
At В 14:00 GMT the focus will be on US consumer confidence data. Analysts predict index rose to 50,4 in July after 50,1 month earlier.

Japan's benchmark stock indices ended the day sharply lower, although off the day's worst levels. The benchmark Nikkei 225 was last 194.33 points, or 1.46%, at 13159.45. The broader-based TOPIX was down 19.15 points at 1281.64.

Stock market fixing:
Nikkei 225 +19.02 +0.1% 13,353.78
Topix +2.51 +0.2% 1,300.79
DAX 30 -85.56 -1.33% 6,351.15
САС 40 -52.73 -1.20% 4,324.45
FTSE 100 -40.00 -0.75% 5,312.60
Dow -239.61 -2.11% 11,131.08
Nasdaq -46.31 -2.00% 2,264.22
S&P -23.39 -1.86% 1,234.37
10YR -0.9300 -0.226% 4.018%
NYMEX Crude Oil +1.47 +1.19% 124.73
Gold +0.90 +0.10% 937.80

Japan's Nikkei 225 Stock Average rose after Yahoo Japan Corp. said profit grew and commodities producers climbed on an increase in metals prices. Carmakers dropped after Honda Motor Co. cut its full-year earnings target.
Yahoo Japan, operator of the nation's most visited Web site, climbed to a two-week high, while Mitsui & Co. led a gain by trading houses. Honda, the nation's second-largest automaker, posted its biggest drop in a month. Advantest Corp., the world's biggest maker of memory-chip testers, fell the most in more than four months after forecasting a loss.
Yahoo Japan said net income rose 18 percent in the three months to June 30, the fastest quarterly gain since June 2007, on increased revenue from online advertising. The shares jumped 4.3%, the highest since July 10.
NTT DoCoMo Inc. rose 2.3%, while its parent Nippon Telegraph & Telephone Corp. jumped 3.1%.
Mitsui surged 5.7%, making it the biggest winner on the Nikkei. Larger rival Mitsubishi Corp. added 2.6%.
Honda lost 2.9%, the sharpest drop since June 19. The company cut its full-year target for operating profit by 3.1% because of higher material costs and lower vehicle sales.

European stocks fell for a third day, led by banks and airlines, as concern deepened that credit losses and the economic slowdown will hurt earnings.
HBOS Plc and UBS AG retreated after Australia & New Zealand Banking Group Ltd. forecast its steepest full-year profit drop since 1992 as bad loans swell. Banco Bilbao Vizcaya Argentaria SA dropped after a surge in loan defaults cut earnings. Ryanair Holdings Plc, Europe's largest discount airline, slumped 23% after predicting its first full-year loss since going public in 1997 on higher fuel costs. British Airways Plc and Deutsche Lufthansa AG also declined.
HBOS tumbled 7.3%. UBS slid 5.5%. Deutsche Bank AG fell 2%.
ANZ's earnings per share excluding income from derivatives trading will decline 20% to 25% in the 12 months to Sept. 30. Chief Executive Officer Mike Smith said the company tripled provisions for delinquent loans from a year earlier.
Royal Bank of Scotland Group Plc sank 4.1%. Lloyds TSB fell 3.9%.
Lufthansa retreated 3%. Europe's second-biggest airline's operations at Frankfurt and Hamburg face disruption today as its employees begin a walkout over pay.
BHP Billiton Ltd., the world's largest mining company, increased 4.4%. Cheuvreux raised its recommendation to ``outperform'' from `underperform'' before the company reports full-year results on Aug. 18.

Stocks on Wall Street slipped Monday as investors feared that the ongoing credit crisis would dampen an economic recovery.

Shares of government-backed mortgage finance giants Fannie Mae and Freddie Mac turned higher in the early going after the Senate approved a bill on Saturday that could establish a rescue plan for the embattled firms. The bill would also provide up to $300 billion in loans for troubled homeowners. The House passed the bill on Wednesday, and President Bush is expected to sign it soon.
Verizon reported quarterly earnings grew 12%, beating Wall Street analysts' forecasts. The company said that profits were boosted by growing wireless operations, despite more customers shifting away from land lines.
Kraft Foods said its quarterly profit rose 4%, which surpassed analysts' expectations. The company's earnings were helped by raising prices to offset higher commodity costs.
Japanese automaker Toyotaannounced Monday it has cut its global sales and output targets by 350,000 vehicles for 2008 amid the slumping North American market.
Drugmaker Amgen, which is set to report its quarterly results after the market's close, reported a positive study of its experimental osteoporosis drug called denosumab.

The dollar fell from near a three- week high against the euro as concern U.S. financial company losses will widen led traders to reduce bets that the Federal Reserve will increase borrowing costs in September.
The currency dropped for a second day as Minneapolis Fed President Gary Stern told the Financial Times that the U.S. credit crunch will get worse.
The dollar declined even afterCongress passed legislation to prop up Fannie Mae and Freddie Mac, the two largest providers of U.S. mortgage financing. The U.S. Congress sent to the president legislation to stem foreclosures for 400,000 homeowners and aid Fannie Mae and Freddie Mac, its most sweeping effort to halt the biggest housing slump since the Great Depression in the 1930s.
The dollar depreciated to an all-time low of $1.6038 per euro on July 15 on concern financial losses and record oil prices may prolong the economic slowdown in the U.S.
The dollar may stay under pressure on speculation that declines in home prices and employment will make it difficult for the Federal Reserve to raise interest rates. Analysts predict home prices fell by 16% in May from a year ago, the most on record. U.S. nonfarm payrolls fell by 75,000 in July, following a decline of 62,000 in June, according to a separate survey of economists.
Futures traded on the Chicago Board of Trade showed a 37% chance the Fed will increase its 2% target rate for overnight lending between banks by at least a quarter- percentage point by Sept. 16, compared with 43% odds on July 25.

EUR/USD was capped within the $1.5700/20 range before moved to fresh highs for the day near $1.5764 and retreated.
GBP/USD slept to fresh lows for the day around $1.9842 and then the move ran out of steam. Later rate recovered back to $1.9870. Triggered stops and offers thought $1.9890/00 zone, pound tested $1.9960.
USD/JPY fell from Y107.58 before recovering to Y107.75. Later rate set stable within the Y107.20/50 range.

In Europe attention will be on inflation data from France and Germany.
At 10:00 GMT CBI retail volume balance is due to come.
At В 14:00 GMT the focus will be on US consumer confidence data. Analysts predict index rose to 50,4 in July after 50,1 month earlier.

Resistance 3: Y109.70
Resistance 2: Y108.10
Resistance 1: Y107.70
Current price: Y107.54
Support 1: Y107.20
Support 2: Y106.50
Support 3: Y106.00
Comments: Dollar holds above the channel support line from Jul 16 at Y107.20 with a break under will accelerate losses to Y106.50 (Friday’s lows), then – to Y106.00. Minor resistance is around Y107.70, above – on Y108.10 (Monday’s high). Stronger level is around upper bound of the channel from the middle of July on Y109.70.

Resistance 3: Chf1.0520
Resistance 2: Chf1.0470
Resistance 1: Chf1.0400
Current price: Chf1.0346
Support 1: Chf1.0270
Support 2: Chf1.0180
Support 3: Chf1.0140
Comments: Dollar tries to rebound with resistance comes near Friday’s high on Chf1.0400/10. Break above will target channel line from Jul 15 on Chf1.0470 and then – to Jun highs on Chf1.0520/30. Strong support is near lower bound of the channel on Chf1.0270. Below correction may extend to Chf1.0180 and stronger support on Chf1.0140 (last Tuesday’s low).

Resistance 3: $2.0130
Resistance 2: $2.0000
Resistance 1: $1.9960
Current price: $1.9937
Support 1: $1.9900
Support 2: $1.9840
Support 3: $1.9800
Comments: Pound retreats with support comes near 50% Fibo on $1.9900 (of yesterday’s rise). Below losses may extend to $1.9840 (Monday’s low). Stronger level comes around channel support line from Jul 15 on $1.9800. Minor resistance comes at yesterday’s high on $1.9960. Above the rise may extend to $2.0000/05 (channel line). Strong level is near $2.0130 (Jul 15 high).

Resistance 3:$1.5940
Resistance 2: $1.5850
Resistance 1: $1.5760
Current price: $1.5741
Support 1: $1.5720
Support 2: $1.5660
Support 3: $1.5590
Comments: Euro continues to rangebound within the narrow range. Meanwhile, techs picture hasn’t changed. In general, euro holds within the downward channel from Jul 15, today limited by $1.5590/$1.5850 (support and resistance respectively). Resistance comes near yesterday’s high on $1.5760, with a break above will open the way to $1.5850 and then – to $1.5940 (last Tuesday’s high). Support comes at 5-days channel support line on $1.5720, below – at $1.5660. Stronger level is around lower bound of the channel on $1.5590.

High Low Close
EUR/USD 1.5766 1.5680 1.5738
USD/JPY 108.06 107.32 107.47
GBP/USD 1.9963 1.9838 1.9942
USD/CHF 1.0387 1.0322 1.0343

EUR/JPY 169.71 168.99 169.15
EUR/GBP 0.7930 0.7880 0.7889
GBP/JPY 214.87 213.67 214.35
GBP/CHF 2.0649 2.0529 2.0626

Change % Change Last
Nikkei 225 +19.02 +0.1% 13,353.78
Topix +2.51 +0.2% 1,300.79
DAX 30 -85.56 -1.33% 6,351.15
САС 40 -52.73 -1.20% 4,324.45
FTSE 100 -40.00 -0.75% 5,312.60
Dow -239.61 -2.11% 11,131.08
Nasdaq -46.31 -2.00% 2,264.22
S&P -23.39 -1.86% 1,234.37
10YR -0.9300 -0.226% 4.018%
NYMEX Crude Oil +1.47 +1.19% 124.73
Gold +0.90 +0.10% 937.80

06:45 France PPI (June) 0.8% 1.3%
06:45 France PPI (June) Y/Y 7.4% 6.7%
06:45 France Consumer confidence (July) -45 -46
08:30 UK M4 money supply (June) final 2.0% 2.0%
08:30 UK M4 money supply (June) final Y/Y 11.5% 11.5%
08:30 UK M4 lending (June) final, bln +45.9 +45.9
08:30 UK Consumer credit (June), bln +1.1 +1.4
10:00 UK CBI retail sales volume balance (July) -15% -9%
12:55 USA Redbook (26.07)
13:30 Germany CPI (July) preliminary 0.5% 0.3%
13:30 Germany CPI (July) preliminary Y/Y 3.2% 3.3%
13:30 Germany HICP (July) preliminary Y/Y 3.4% 3.4%
14:00 USA Consumer confidence (July) 50.1 50.4
23:50 Japan Industrial output (June) preliminary - 2.8%
23:50 Japan Industrial output (June) preliminary Y/Y - 1.1%