- Stocks little changed come midday
- Crude futures continue to slip lower
FTSE 100: 0.12%
CAC 40: 0.19%
FTSE MIB: -0.16%
IBEX 35: 0.04%
Stoxx 600: 0.04%
Stocks are little changed from where they were in early morning trading despite yesterday's comments from the President of the St.Louis Fed, James Bullard, to the effect that the US central bank's main policy rate might have to rise as soon as March of 2015.
While the above central banker is a well-known 'hawk' on monetary policy the fact is that the dollar/yen currency pair - which is often seen as a barometer of risk appetite - has been weakening of late.
Said currency moves also seem to be partly attributable to a raft of economic statistics out overnight on the Japanese economy. The nation's consumer price index - excluding fresh food - increased at a 3.4% year-on-year clip in May, as expected by analysts. Real household spending however contracted by 8% over the year to May, much worse than the 2.1% forecast.
To take note of the European Union has signed wide ranging trade-and-political agreements with three of Russia's neighbours, which may irritate Moscow
Today's main focus is still expected to be on the release of the preliminary estimate for Germany's harmonised consumer price index for the month of June in the afternoon.
Rolls Royce to be named sole supplier for A330neo
Airbus may be very near to naming Rolls Royce as the sole supplier of engines for the upgraded version of its A330, Reuters reports.
Large banks have begun to take funds out of Barclays' 'dark pool' after the British lender was sued by New York's top securities regulator, the Financial Times reports.
From a sector stand-point the largest losses were being seen in the following industrial sectors within the DJ Stoxx 600: Media (-0.53%), Chemicals (-0.23%) and Basic Resources (-0.14%).
Heavy data calendar
The European Commission's economic confidence indicator for June slipped to 102 from 102.6 in the previous month (consensus: 103).
During the first three months of the year French gross domestic product was flat in terms of quarterly rates of change, as expected.
Consumer prices advanced at a 0.9% year-on-year pace during the month of June in the German Land of Saxony, versus 0.8% in the month before.
Spain's consumer price index edged higher at a 0.1% year-on-year clip during the month of June (consensus: 0.2%), down from May's 0.2% pace.
Figures on consumer and industrial confidence in the Eurozone are scheduled for release at 10:00.
Crude futures move lower
The euro/dollar is up slightly, by 0.02% to $1.3620.
Front month Brent crude futures were down by 0.1% to the $113.32/barrel mark on the ICE.