Germany released the trade balance figures for July, where the trade balance surplus retreated to 10.4 billion euros from 12.7 billions a month earlier and below the expected surplus of11.5 billion euros.

Moreover, German current account also retreated to 7.5 billion euros from the revised surplus of 11.5 from 11.9 billions and below the expected surplus of 10.0 billion euros.

Furthermore, German exports dropped by 1.8% from the previous drop of 1.2% and below the expected expansion of 0.5% in July. In addition, the German imports dropped by 0.3% from the previous expansion of 0.3%, worse than the expected steady expansion of 0.3%