• Eurostoxx +0.2%
• Germany DAX +0.2%
• France CAC 40 +0.2%
• UK FTSE flat
• Spain IBEX flat
• Italy FTSE MIB +0.1%

Trade developments will be put on hold for the day ahead, as we await the negotiations between the EU and US by the 1 August deadline. The latest headlines here suggest that there is still quite a gap to bridge, so we’ll see what comes from the discussions over the next two weeks. The best case scenario is for a makeshift deal as negotiations drag on further but I still wouldn’t hold my breath in expecting that any time soon. For today, eyes will be on the US CPI report instead. S&P 500 futures are also seen higher, up 0.3% currently.

This article was written by Justin Low at www.forexlive.com.