KBC Market Research Desk
KBC Bank
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European shares opened lower this morning, but gradually reversed part of its losses to trade currently 0.5% lower. US Equities opened in positive territory.
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The German BGA trade association slashed its forecasts for export growth this year saying global demand for German goods has slowed significantly due to a delayed impact of Brexit.
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The Greek economy grew by 0.2% Q/Q in the April to June period, down from 0.3% Q/Q in the first quarter and also slightly below the market consensus, due to weaker consumer spending and net exports.
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The European Commission said it had a unanimous mandate from the 28 members to finalize negotiations on a free trade deal with the United States, a day after Germany's economy minister said the talks had "de facto failed".
This non-exhaustive information is based on short-term forecasts for expected developments on the financial markets. KBC Bank cannot guarantee that these forecasts will materialize and cannot be held liable in any way for direct or consequential loss arising from any use of this document or its content. The document is not intended as personalized investment advice and does not constitute a recommendation to buy, sell or hold investments described herein. Although information has been obtained from and is based upon sources KBC believes to be reliable, KBC does not guarantee the accuracy of this information, which may be incomplete or condensed. All opinions and estimates constitute a KBC judgment as of the data of the report and are subject to change without notice.
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