Key Global Events

Great start to the quarterly earnings season with the big investment banks reporting revenue growth in the second quarter of the year. JP Morgan reported revenues up to 41.3 billion, Wells Fargo an increase to 20.53 billion, and City Group up to 19.4 billion. BlackRock reported revenues below estimates at 4.46 billion.

Chinese GDP down at 6.3 percent year-on-year. Quarterly figure shows economic growth at 0.8%.

Negative start for European stock markets the first weekly session. Milan's FTSE MIB -0.29%, Paris' CAC -0.88%, Madrid's IBEX -0.28%, London's FTSE -0.41%. Wall Street futures also trade below par in the wake of the European current. Dow Jones -0.18%, S&P500 -0.10% and the Nasdaq -0.04%.

Forex & Commodities

The euro and the pound trade mixed against the U.S. dollar. The euro trades around 1.1233 (+0.05%). Sterling gives up 0.05 percent to 1.3083. Among commodities, metals and energy trade lower. Oil trades below $75 (-1.13%). Gold trades around 1958 dollars an ounce (-0.29%).

Index

Asian stock markets traded in negative territory this morning. Tokyo's benchmark Nikkei 225 index closes at 32,391 giving up -0.09%. China's Hang Seng index trades around 19,217(-1.01%).

Global Macroeconomic Data 

CHINA - Chinese GDP down to 6.3% year-on-year. Quarterly figure shows economic growth at 0.8%.
EUR - At 10 a.m. Italian CPI will be published. On an annual basis it is expected to fall to 6.4%, on a monthly basis to fall to 0.1%. At 10:15 a.m. President Lagarde will hold a press conference.