Closing changes for the main European markets:

  • UK FTSE 100 -0.1%
  • German DAX +0.5%
  • French CAC +0.5%
  • Spain IBEX +0.5%
  • Italy MIB +0.6%

There's some chatter doing the rounds that the ECB is looking at the SNB's tiering system as it prepares for a deposit rate cut in September but no QE decision has been made.