The S&P 500 futures are down 8 points and are trading 0.3% below fair value. The Nasdaq 100 futures are up 3 points and are trading 0.2% below fair value. The Dow Jones Industrial Average futures are down 109 points and are trading 0.3% below fair value.
Futures for the major indices are mixed with mixed reactions to a lot of earnings reports since yesterday's close. There's some central bank news in play this morning with market participants waiting on the ECB decision at 8:15 a.m. ET. The ECB is expected to raise its key lending rates by 25 basis points, although there has been some chatter that a 50 basis point increase could also be discussed. In either case, this will be the ECB's first rate hike in 11 years.
Central bank outlier, the Bank of Japan, announced no change in its monetary policy. Its key lending rate remains unchanged at -0.1%. Japan's central bank also lowered its GDP forecast to 2.4% from 2.9% while raising its inflation forecast to 1.3% from 0.9%.
Russia resumed gas flows to Europe through the Nord Stream 1 but at reduced volumes seen before the scheduled maintenance.
Italian Prime Minister Draghi resigned after he was unable to resume a coalition government, setting the stage for early elections.
Energy complex futures have made big moves to the downside. WTI crude oil futures are down 4.8% to $95.10/bbl. Unleaded gasoline futures are down 6.2% to $3.07/gal. Natural gas futures are down 3.8% to $7.60/mmbtu. Separately, cryptocurrencies are also under pressure following Tesla's disclosure that it converted 75% of its Bitcoin holdings to fiat currency. The weakness, though, comes after a big move to the upside in recent weeks.
The 2-yr note yield is unchanged at 3.25% while the 10-yr note yield is up one basis point to 3.05%.
In corporate news:
Tesla (TSLA 761.87, +19.37, +2.6%): beats by $0.46, reports revs in-line, reaffirms expectation to achieve 50% average annual growth in vehicle deliveries over multi-year horizon
United Airlines (UAL 38.59, -3.09, -7.4%): misses by $0.45, reports revs in-line; continues to expect to be profitable for FY22; provides quarterly, FY22, and FY23 outlook: expects no more than ~8% capacity in FY23 compared to 2019
Microsoft (MSFT 260.13, -2.14, -0.8%): eliminating several open job listings, according to Bloomberg
Travelers (TRV 157.00, -1.20, -0.8%): beats by $0.60, beats on revs
CSX (CSX 30.96, +1.23, +4.1%): beats by $0.03, beats on revs
SAP SE (SAP 87.90, -4.43, -4.8%): misses by 0.12, beats on revs; updates guidance; announces further share repurchase program
Carnival Corp (CCL 9.80, -1.29, -11.6%): prices offering of 102,139,621 shares of common stock at $9.95 per share
Reviewing overnight developments:
Equity indices in the Asia-Pacific region ended Thursday on a mixed note. Japan's Nikkei: +0.4%, Hong Kong's Hang Seng: -1.5%, China's Shanghai Composite: -1.0%, India's Sensex: +0.5%, South Korea's Kospi: +0.9%, Australia's ASX All Ordinaries: +0.6%.
In economic data:
Japan's June trade deficit JPY1.38 trln (expected deficit of JPY1.51 trln; last deficit of JPY2.39 trln). June Imports 46.1% yr/yr (expected 45.7%; last 48.9%) and Exports 19.4% yr/yr (expected 17.5%; last 15.8%)
Hong Kong's June CPI 1.8% yr/yr (expected 1.6%; last 1.2%)
Australia's NAB Quarterly Business Confidence 5 (last 15). June HIA New Home Sales 1.9% m/m (last -1.2%)
New Zealand's June trade deficit NZD701 mln (last surplus of NZD195 mln)
In news:
Japan's Prime Minister Kishida will reportedly reshuffle his cabinet in early September.
South Korea's POSCO Holdings will reportedly lower stainless steel prices in August due to a lower cost of nickel.
South Korea's exports through the first 20 days of July were up 14.5% yr/yr with chip exports increasing 13.2%.
Local governments in China are expected to help developers resume projects that have been delayed.
The Bank of Japan made no changes to its policy stance. The central bank lowered its forecast for Japan's 2022 GDP growth to 2.4% from 2.9% while the inflation forecast was raised to 1.3% from 0.9%.
Major European indices trade in mixed fashion with Italy's MIB (-1.3%) showing relative weakness after Prime Minister Draghi resigned, setting the stage for an early election. STOXX Europe 600: +0.1%, Germany's DAX: -0.5%, U.K.'s FTSE 100: -0.4%, France's CAC 40: +0.2%, Italy's FTSE MIB: -1.3%, Spain's IBEX 35: +0.1%.
In economic data:
U.K.'s June Public Sector Net Borrowing GBP22.12 bln (expected GBP13.20 bln; last GBP11.80 bln)
France's July Business Survey 106, as expected (last 108)
In news:
The European Central Bank is expected to announce a 25-bps rate hike at 8:15 ET, followed by President Lagarde's press conference at 8:45 ET.
Gas flow through the Nord Stream pipeline has resumed but at a slower rate.
The U.K.'s conservative party leadership race is down to Rishi Sunak and Liz Truss.
U.S. equity futures:
S&P 500 Futures: -9 @ 3,951
DJIA Futures: -120 @ 31,747
Nasdaq 100 Futures: +4 @ 12,230
Overseas:
Europe: DAX -0.5%, FTSE -0.4%, CAC +0.2%
Asia: Nikkei +0.4%, Hang Seng -1.5%, Shanghai Composite -1.0%
Commodities:
Crude Oil -4.77 @ 95.11
Nat Gas -0.392 @ 7.615
Gold -19.25 @ 1680.95
Silver -0.423 @ 18.245
Copper -0.0550 @ 3.2700
U.S. Summary:
Earnings/Guidance:
ABB Ltd (ABB) misses by $0.21, misses on revs; to exit Russian market
Alaska Air (ALK) beats by $0.24, beats on revs; guides Q3 revs above consensus
Alcoa (AA) beats by $0.18, beats on revs
Allstate (ALL) reports catastrophe losses for Q2
American Airlines (AAL) beats by $0.02, reports revs in-line; issues downside Q3 rev guidance
Anglo American (NGLOY) reports Q2 production
AT&T (T) beats by $0.02, reports revs in-line; increases mobility service revenue guidance
Atlantic Union Bankshares (AUB) beats by $0.08
AutoNation (AN) beats by $0.26, misses on revs
Banc of California (BANC) beats by $0.02
BankUnited (BKU) misses by $0.08
Blackstone (BX) beats by $0.04, beats on revs
Cohen & Steers (CNS) beats by $0.02, beats on revs
Commerce Bancshares (CBSH) beats by $0.01, beats on revs
Crown (CCK) beats by $0.07, beats on revs; guides Q3 EPS below consensus; guides FY22EPS below consensus due to a stronger US dollar and higher energy costs in Europe
Crown Castle (CCI) misses by $0.11, beats on revs
CSX (CSX) beats by $0.03, beats on revs
CVB Financial (CVBF) beats by $0.04, net interest income up 15.7% yr/yr
Danaher (DHR) beats by $0.42, beats on revs
Discover Financial Services (DFS) beats by $0.19, beats on revs
Domino's Pizza (DPZ) misses by $0.08, beats on revs; Q2 comps -2.9%; international comps -2.2%
Dover (DOV) beats by $0.07, reports revs in-line; reaffirms FY22EPS guidance, revs guidance
Dow (DOW) beats by $0.17, reports revs in-line
D.R. Horton (DHI) beats by $0.15, misses on revs; lowers FY22revs below consensus
Equifax (EFX) beats by $0.07, reports revs in-line; guides Q3 EPS below consensus, revs below consensus; guides FY22EPS below consensus, revs below consensus
Fifth Third (FITB) misses by $0.11; guides for Q3 loans up 1%; total revenue 8-9% (Capital IQ consensus +10.0%); net interest income +11-12%; reaffirms FY22revenue growth of +7-8%
First Industrial Realty (FR) beats by $0.02, beats on revs; raises FY22FFO guidance, still inline with consensus
F.N.B. Corp (FNB) beats by $0.01, reports revs in-line
Herc Holdings (HRI) misses by $0.15, beats on revs; narrows FY 2022adjusted EBITDA guidance by raising lower end of guidance range
Huntington Banc (HBAN) beats by $0.02, net interest income increased 10%
Interpublic (IPG) reports EPS in-line, beats on revs
IQVIA (IQV) beats by $0.06, beats on revs; guides Q3 EPS below consensus, revs below consensus; guides FY22EPS in-line, revs below consensus
KeyCorp (KEY) beats by $0.02, beats on revs
Kinder Morgan (KMI) reports Q2 (Jun) results, beats on revs
Knight-Swift (KNX) beats by $0.06, beats on revs; guides FY22EPS in-line
Landstar System (LSTR) misses by $0.22, misses on revs; guides Q3 EPS above consensus, revs above consensus; also increases its dividend by 20%
Las Vegas Sands (LVS) misses by $0.05, beats on revs
Marsh McLennan (MMC) beats by $0.03, beats on revs
Monarch Casino & Resort (MCRI) misses by $0.08, reports revs in-line
Nokia (NOK) beats by 0.02, beats on revs; reaffirms FY22revs guidance
Pacific Premier (PPBI) beats by $0.01, reports revs in-line
PacWest Bancorp (PACW) reports Q2 (Jun) results, beats on revs
Philip Morris International (PM) beats by $0.23, beats on revs; guides FY22EPS above consensus
Pool (POOL) beats by $0.23, misses on revs
Rexford Industrial Realty (REXR) beats by $0.01, reports revs in-line; raises FY22core FFO guidance, but it remains below consensus
Roblox (RBLX) rolls out a number of advancements to its material system
Roche Hldg (RHHBY) reports Q2 results; revs rise 5% yr/yr
Sandy Spring Banc (SASR) beats by $0.04, net interest income increased 2% yr/yr
SAP SE (SAP) misses by 0.12, beats on revs; updates guidance; announces further share repurchase program
SEI Investments (SEIC) misses by $0.02, beats on revs
SL Green Realty (SLG) reports Q2 (Jun) results, misses on revs
Sonoco Products (SON) beats by $0.11, reports revs in-line; guides Q3 EPS above consensus; guides FY22EPS above consensus
Texas Capital (TCBI) misses by $0.12
Tractor Supply (TSCO) beats by $0.01, reports revs in-line; raises FY22guidance
Travelers (TRV) beats by $0.60, beats on revs
Qualtrics (XM) misses by $0.04, beats on revs; guides Q3 EPS below consensus, revs in-line; guides FY22EPS below consensus, revs in-line
Quest Diagnostics (DGX) beats by $0.10, beats on revs; guides FY22EPS above consensus, revs above consensus
RLI Corp (RLI) beats by $0.42, misses on revs
Snap-On (SNA) beats by $0.32, beats on revs
Stanley Black & Decker (SWK) increases quarterly dividend by a penny to $0.80/sh; new yield is 2.8%
Steel Dynamics (STLD) beats on EPS and revs; customer order entry activity continues to be healthy
Super Micro Computer (SMCI) guides Q4 (Jun) earnings and revs well ahead of consensus due to customer design wins ramping and its total IT solution value
Synovus (SNV) beats by $0.07, reports revs in-line
Tabula Rasa HealthCare (TRHC) sees Q2 revs above consensus
Tesla (TSLA) beats by $0.46, reports revs in-line, reaffirms expectation to achieve 50% average annual growth in vehicle deliveries over multi-year horizon
TRI Pointe Homes (TPH) beats by $0.12, reports revs in-line
Umpqua Holdings (UMPQ) reports Q2 (Jun) results, beats on revs
Union Pacific (UNP) beats by $0.09, beats on revs
United Airlines (UAL) misses by $0.45, reports revs in-line; continues to expect to be profitable for FY22; FY22, and FY23 outlook: expects no more than ~8% capacity in FY23 compared to 2019
Valmont (VMI) beats by $0.36, beats on revs; raises FY22 EPS and revenue guidance above consensus
Webster Financial (WBS) reports Q2 (Jun) results, revs in-line
Wintrust Fin (WTFC) misses by $0.21, net interest income increased 21% yr/yr
WNS (WNS) beats by $0.12, beats on revs; guides FY23 EPS in-line, revs in-line
General News:
Mario Draghi resigned as Italian Prime Minister, according to the Wall Street Journal
Russia restarted gas shipments to Europe through pipeline, but only at 40% of capacity, according to BBC
Semiconductor supply stockpiles are growing, according to the Wall Street Journal
Altria (MO): Juul Labs saw revenue drop amid US govt crackdowns on teenage vaping, according to Bloomberg
Arbutus Biopharma to discontinue development of its investigational hepatitis B virus core inhibitor candidate vebicorvir
Assembly Biosciences (ASMB) is discontinuing further development of its first-generation core inhibitor, vebicorvir
Bank of America (BAC) increases quarterly dividend to $0.22/share from $0.21/share
Blackstone (BX) secures commitments of $24 bln for real estate fund, according to Reuters
Boeing (BA) and Qatar Airways today finalized an order for 25 737 MAX airplanes
Boeing (BA): Cargolux selected the 777-8 Freighter as the preferred solution to replace its 747-400 fleet
CGI Group (GIB) selected to help the Federal Communications Commission advance America's communications strategies, including 5G
Cognizant Tech (CTSH) signed a new multi-year agreement with Organon (OGN) to help improve the company's delivery of healthcare products and crucial medicinal supply chain management
Compass Minerals (CMP) signs a non-binding memorandum of understanding to explore supplying Ford Motor Company (F) with a battery-grade lithium product from its lithium brine development project at its Ogden, Utah, solar evaporation facility
Dow (DOW) and Mura Technology to build multiple recycling facilities in the U.S. and Europe
EQT Corp. (EQT) increases quarterly dividend to $0.15/share from $0.125/share
Ford (F) Releases New Battery Capacity Plan, Raw Materials Details to Scale EVs; On Track to Ramp to 600K Run Rate by '23 and 2M+ by '26, Leveraging Global Relationships
Genius Group (GNS) announces the appointment of Mr. Erez Simha as its Chief Financial Officer
HilleVax (HLVX) announces results from NOR-213, a Phase 2 long-term immunogenicity follow-up clinical trial of adults and older adults who previously received HIL-214, the company's investigational vaccine for the prevention of moderate-to-severe acute gastroenteritis (AGE) caused by norovirus infection
Karyopharm Therapeutics (KPTI) and Menarini Group receive full Marketing Authorisation from the European Commission for NEXPOVIO (selinexor) for the treatment of patients with multiple myeloma after at least one prior therapy
Microsoft (MSFT) is eliminating several open job listings, according to Bloomberg
Mondelez Int'l (MDLZ): Enjoy Life Natural Brands unit announces expansion of its June 30 voluntary recall
NeoGenomics (NEO) appointed Chris Smith CEO effective August 15, 2022; Interim CEO Lynn Tetrault to resume role of independent Chair of the Board
Novartis' (NVS) unit Sandoz receives sBLA acceptance from the FDA for biosimilar Hyrimoz
Olema Pharmaceuticals (OLMA) receives FDA Fast Track designation for OP-1250 for the treatment of ER+ / HER2- metastatic breast cancer
Oshkosh (OSK): US Postal Service plans to increase its EV order from OSK, according to Reuters
Pan Am Silver (PAAS) drills highest grade intercept to date on the La Colorada Skarn project
PDF Solutions (PDFS) announces collaboration with SAP
Roche Hldg (RHHBY) Board of Directors has appointed Thomas Schinecker as the new Roche CEO effective 15 March 2023
Terran Orbital (LLAP) announced the commissioning of the Fleet Space CENTAURI-5 payload
Tesla (TSLA) in Q2 Shareholder Letter notes it converted approximately 75% of its Bitcoin purchases into fiat currency
Vale's (VALE) copper and nickel mining unit is taking longer than expected to turnaround, according to Bloomberg
Veracyte (VCYT) Announces New Clinical Validation Data for RNA Sequencing-Based Afirma Medullary Thyroid Cancer Classifier Published in Thyroid
Verve Therapeutics (VERV) announces four-year global research collaboration focused on discovering and developing an in vivo gene editing program for a single undisclosed liver disease
M&A:
Caledonia Mining (CMCL) acquires the Bilboes gold project in Zimbabwe
Equifax (EFX) announces that it has signed a definitive agreement to acquire LawLogix
Syndicate:
Carnival (CCL) prices offering of 102,139,621 shares of common stock at $9.95 per share
Verve Therapeutics (VERV) priced upsized underwritten public offering of 8,333,334 shares of common stock at $27.00 per share for total gross proceeds of ~$225.0 mln
IPOs:
Expected to Price:
No IPOs expected.
Gapping Up/Down
Gapping up:
SMCI +19.7%, NOK +6.4%, ASMB +5.5%, AA +5.4%, RLI +5%, CSX +4.9%, TSLA +3.7%, LVS +3.3%, MCRI+2%, DOW +2%, FNB +1.9%, DHR +1.9%, STLD+1.7%, ABUS +1.6%, ABB +1.6%, CVBF +1.1%, VMI+1.1%, F +1%, CMCL +1%, ALK +0.9%, NVS +0.7%
Gapping down:
VERV -16.2%, CCL -10.3%, UAL -6.4%, XM -4.4%, COIN -3.7%, EFX -3.5%, SAP -3.5%, LSTR -3.3%, UMPQ -3%, BITO -2.7%, DFS -2.7%, ALL -1.9%, EQT-1.9%, CCK -1.4%, KNX -1.3%, SWK -1.1%, SEIC-1%, CCI -0.9%
Analyst Research (see Upgrades/Downgradescalendarfor full list):
Upgrades
Brixmor Property (BRX) upgraded to Buy from Neutral at Mizuho; tgt lowered to $24
CSX (CSX) upgraded to Buy from Hold at Loop Capital; tgt $38
Downgrades:
Compass (COMP) downgraded to Equal-Weight from Overweight at Morgan Stanley; tgt lowered to $5
Traeger (COOK) downgraded to Market Perform from Outperform at Telsey Advisory Group; tgt $5
Others:
a.k.a. Brands (AKA) initiated with a Sector Weight at KeyBanc Capital Markets
Allbirds (BIRD) initiated with a Sector Weight at KeyBanc Capital Markets
Ardmore Shipping (ASC) initiated with a Buy at Jefferies; tgt $10
Blue Apron (APRN) initiated with a Buy at The Benchmark Company; tgt $10
CACI Intl (CACI) initiated with an Outperform at Robert W. Baird; tgt $335
Capital Product Partners (CPLP) initiated with a Buy at Jefferies; tgt $20
Comstock (CRK) assumed with a Buy at Citigroup; tgt $17
Costamare (CMRE) initiated with a Buy at Jefferies; tgt $19
Danaos (DAC) initiated with a Buy at Jefferies; tgt $100
DHT (DHT) initiated with a Buy at Jefferies; tgt $9
Diana Shipping (DSX) initiated with a Buy at Jefferies; tgt $7
Dorian LPG (LPG) initiated with a Buy at Jefferies; tgt $20
Eagle Bulk Shipping (EGLE) initiated with a Buy at Jefferies; tgt $64
Euronav (EURN) initiated with a Hold at Jefferies; tgt $14
FLEX LNG (FLNG) initiated with a Hold at Jefferies; tgt $26
Frontline (FRO) initiated with a Hold at Jefferies; tgt $9
Genco Shipping & Trading (GNK) initiated with a Buy at Jefferies; tgt $25
Global Ship Lease (GSL) initiated with a Buy at Jefferies; tgt $22
Golden Ocean (GOGL) initiated with a Buy at Jefferies; tgt $14
International Seaways (INSW) initiated with a Buy at Jefferies; tgt $30
Navigator Holdings (NVGS) initiated with a Buy at Jefferies; tgt $15
Nordic American Tanker (NAT) initiated with a Hold at Jefferies; tgt $3
Safe Bulkers (SB) initiated with a Buy at Jefferies; tgt $5
Scorpio Tankers (STNG) initiated with a Buy at Jefferies; tgt $47
Star Bulk Carriers (SBLK) initiated with a Buy at Jefferies; tgt $30
Teekay Tankers (TNK) initiated with a Buy at Jefferies; tgt $25
TEN, Ltd. (TNP) initiated with a Hold at Jefferies; tgt $12
ZIM Integrated Shipping (ZIM) initiated with a Hold at Jefferies; tgt $55
Upcoming Events:
Econ Data:
08:30 ET: Initial Claims for July 16 (Briefing.comConsensus 240K; Prior 244K)
08:30 ET: Continuing Claims for July 9 (Briefing.comConsensus NA; Prior 1331K)
08:30 ET: Philadelphia Fed Index for July (Briefing.comConsensus -1.2; Prior -3.3)
10:00 ET: Leading Economic Index for June (Briefing.comConsensus -0.5%; Prior -0.4%)
10:30 ET: EIA Natural Gas Inventories for July 16 (Briefing.comConsensus NA; Prior +58 bcf)
Earnings:
Monday (Jul 18)
Morning: BAC SCHW GS PLD SYF
Afternoon: ELS IBM MRTN
Tuesday (Jul 19)
Morning: ALLY CFG HAL HAS JNJ LMT MAN NVS SBNY SI TFC
Afternoon: CALM FULT HWC HOPE IBKR JBHT NBHC NFLX OMC PNFP UCBI
Wednesday (Jul 20)
Morning: ABT ASML BMI BKR BIIB CMA ELV FHN HCSG LAD MTB MKTX NDAQ NTRS
Afternoon: AA CNS CCK CCI CSX CVBF DFS EFX FNB FR KMI KNX LSTR LVS PACW XM REXR RLI SEIC SLG STLD TSLA UMPQ UAL VMI WTFC
Thursday (Jul 21)
Morning: AIR ABB ALK AAL T AUB AN BANC BKU BX COLB DHI DHR DPZ DOV DOW EWBC FITB FCX GATX HRI HOMB HBAN IPG IQV KEY MMC NOK NUE PPBI PM POOL DGX SASR SAP SFNC SNA SON SNV TCBI TSCO TRV TPH UNP WBS WNS
Afternoon: ASB OZK BJRI SAM COF FFBC GBCI HTH ISRG MAT PPG RHI STX SNAP SIVB THC UFPI VICR WRB WAL
Friday (Jul 22)
Morning: AXP ALV CLF FBP GNTX HCA NEE NEP RF ROP SLB SXT TWTR VZ
Afternoon: None
Asia & Europe detail:
Asia: Nikkei +0.4%, Hang Seng -1.5%, Shanghai Composite -1.0%
Equity indices in the Asia-Pacific region ended Thursday on a mixed note. Japan's Prime Minister Kishida will reportedly reshuffle his cabinet in early September. South Korea's POSCO Holdings will reportedly lower stainless steel prices in August due to a lower cost of nickel. South Korea's exports through the first 20 days of July were up 14.5% yr/yr with chip exports increasing 13.2%. Local governments in China are expected to help developers resume projects that have been delayed. The Bank of Japan made no changes to its policy stance. The central bank lowered its forecast for Japan's 2022 GDP growth to 2.4% from 2.9% while the inflation forecast was raised to 1.3% from 0.9%.
In economic data:
Japan's June trade deficit JPY1.38 trln (expected deficit of JPY1.51 trln; last deficit of JPY2.39 trln). June Imports 46.1% yr/yr (expected 45.7%; last 48.9%) and Exports 19.4% yr/yr (expected 17.5%; last 15.8%)
Hong Kong's June CPI 1.8% yr/yr (expected 1.6%; last 1.2%)
Australia's NAB Quarterly Business Confidence 5 (last 15). June HIA New Home Sales 1.9% m/m (last -1.2%)
New Zealand's June trade deficit NZD701 mln (last surplus of NZD195 mln)
---Equity Markets---
Japan's Nikkei: +0.4%
Hong Kong's Hang Seng: -1.5%
China's Shanghai Composite: -1.0%
India's Sensex: +0.5%
South Korea's Kospi: +0.9%
Australia's ASX All Ordinaries: +0.6%
---FX---
USD/JPY: +0.3% to 138.65
USD/CNH: +0.1% to 6.7782
USD/INR: UNCH at 79.95
Europe: DAX -0.5%, FTSE -0.4%, CAC +0.2%
Major European indices trade in mixed fashion with Italy's MIB (-1.3%) showing relative weakness after Prime Minister Draghi resigned, setting the stage for an early election. The European Central Bank is expected to announce a 25-bps rate hike at 8:15 ET, followed by President Lagarde's press conference at 8:45 ET. Gas flow through the Nord Stream pipeline has resumed but at a slower rate. The U.K.'s conservative party leadership race is down to Rishi Sunak and Liz Truss.
In economic data:
U.K.'s June Public Sector Net Borrowing GBP22.12 bln (expected GBP13.20 bln; last GBP11.80 bln)
France's July Business Survey 106, as expected (last 108)
---Equity Markets---
STOXX Europe 600: +0.1%
Germany's DAX: -0.5%
U.K.'s FTSE 100: -0.4%
France's CAC 40: +0.2%
Italy's FTSE MIB: -1.3%
Spain's IBEX 35: +0.1%
---FX---
EUR/USD: +0.1% to 1.0189
GBP/USD: -0.2% to 1.1951
USD/CHF: +0.2% to 0.9729