European confidence report for the month of July showed upbeat results as economic confidence rallies to 101.3 from the revised 99.0 while the initial was 98.7 and median estimates were 99.1. Services confidence inched up to 6 compared with the prior 4 and estimates of 5. Industrial confidence inclined to -4 from -6, exceeding projections of -5. Consumer confidence lingered at -14 in line with both preceding and estimated readings.
Business climate indicator climbed to 0.66 relative to 0.37 which was revised upwards to 0.40, topping analyst's forecasts of 0.39.