* European cash equity markets are mostly higher this morning although gains are modest as investors tread cautiously ahead of the Jackson Hole summit (FTSE +0.4%, DAX +0.4%, CAC +0.2%).
* Core EU bonds also have a quiet start – Gilts and Bunds both nursing minor losses amid narrow ranges.
* Sterling one of the better performers in currency space while the Yen slides. Oil prices in the red along with gold,
* French Business Confidence (Aug) 111.0 versus 108.0 expected, previous 109.0 revised to 108.0
* Spanish GDP Data (Q2 F):
- GDP Q/Q +0.9% versus +0.9% flash/expected
- GDP Y/Y +3.1% versus +3.1% flash/expected
* Swiss Industrial Output Y/Y (Q2) +2.8%, previous -4.6% revised to -4.2%
* Swedish Unemployment Rate (Jul) 6.6% versus 5.9% expected, previous 7.4%
* UK GDP Data (Q2 P):
- GDP Q/Q +0.3% versus +0.3% expected, previous +0.3%
- GDP Y/Y +1.7% versus +1.7% expected, previous +1.7%
* UK BBA Mortgage Approvals (Jul) 41.6K, previous 40.2K revised to 40.4K
* UK CBI Retailing Reported Sales (Aug) -10 versus 15 expected, previous 22
* OPEC/non-OPEC committee said they are confident the market is moving in the right direction but will keep all options open, including extending the supply deal beyond March.
* Spanish Economy Minister De Guindos said they may revise their 2017 GDP forecast higher this year.
* Looking ahead, futures are pointing to a slightly higher open for US cash equity markets. Data wise, US jobless claims and existing home sales are on tap while the ECB’s Visco speaks later today.