In all the excitment, let a few economic data releases pass by without comment. So here we are playing catch up. Italian July consumer confidence rose to 107.5, up from 105.4 in June, and better than the median forecast of 105.9. It is the highest read since November 2007.
Meanwhile, French industry demand fell in the Q-2, but less sharply than in previous two quarters, according to an Insee survey. Demand is also seen falling in the Q-3, but the fall is expected to be less than in past months.
