In Europe, shares were seen opening in green on Wednesday, while investors remain focused on the flash manufacturing and services survey for the month of July from Germany, France and the rest of the euro zone.
The pan-European Euro Stoxx 50 opened the market advancing to 0.27% to 2,730.80, while the German DAX rose 0.20% to 8,331.71. The French CAC 40 edged up 0.34% to 3,939.30, as the UK FTSE 100 was up 0.33% to 6,619.50.
The flash manufacturing PMI for France edged up to 49.8 in July, exceeding estimates of 48.8, while the services sector rose to 48.3 from previous record of 47.2 in the previous month, according to reports from the Markit Economics.
The rest of the euro zone is expected to report preliminary readings of manufacturing and services Purchasing Managers’ Indices (PMI) for July.
Germany, the euro zone’s current strongest economy, preliminary manufacturing and service PMIs is expected to show a growth for the month of July. Germany’s flash manufacturing PMI is expected to rise to 49.2 points in July from previous record of 48.6 in June , while the flash services PMI is projected to edge up to 50.7 points from previous record of 50.4 in June .
The Preliminary manufacturing report for the euro zone as a whole is expected to go up 49.1 for the month of July, while the service PMI data for euro zone is expected to show an improvement, with a forecast of 48.7 for July, up from previous month record of 48.3.
According to reports from the National Statistics Institute for Spain, the country producer prices picked up slightly by 1.3% in the month of June an annual basis , following the fall of the previous low record of 0.6% in May .
In Italy, the retail sales were seen trading flat in the month of May on a monthly basis, compared to previous record of 0.1% in April.
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