The European market were seen in red on Tuesday ahead of Germany’s investor confidence report , as investors predicts the report to show an improvement of up to 40 points from the previous record of 38.5 point . An increase in the current situation index is expected to show, up from 8.6 to 9 points.
The European Stoxx 50 dropped 0.72% lower to 2,667.44 as of 8:05am GMT, while the French CAC 40 fell 0.66% to 3,852.90 at the same time. The German’s DAX declined 0.61% to 8,184.87, with the UK’s FTSE 100 losing 0.17% to 6,575.30.
The Spain government its set to auction Treasury bills maturing in 189 and 364 days, with an aim to raise four billion euros.
According to reports from the National Institute for statistics, the government in Italy’s trade balance for the month of May is posting 3.9 billion euros, increased from previous month record of 2.03 billion.
The Euro zone’s ZEW economic sentiment is expected to increase from previous record of 30.6 to 31.8 in July.
The consumer Price Index (CPI) for the euro zone as a whole for the month of June is expected to show a 0.1% rise on a month-to-month basis.
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