UK GDP Surprises with 0.1% Growth; FTSE 100 Dips 0.48%
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UK GDP Surprises with 0.1% Growth; FTSE 100 Dips 0.48%
European Trading Session Report | July 16, 2026 | Analysis during European hours (8:00 AM – 5:00 PM CET)
📊 Market Commentary
**European Markets Edge Higher Amid Mixed Signals** European equities are trading with cautious optimism as the Euro Stoxx 50 gains 0.26% while the DAX hovers near flat, up just 0.07%, and the CAC 40 dips slightly by 0.07%. The FTSE 100 is underperforming, down 0.48%, weighed by weaker commodity-linked stocks. Investors are digesting recent ECB commentary suggesting a data-dependent approach to further rate hikes, with policymakers emphasizing persistent inflation risks despite softening growth indicators. In FX markets, the euro is holding steady, with EUR/USD up 0.02% as the dollar remains subdued following weaker-than-expected US retail sales data overnight. GBP/USD is marginally lower (-0.01%), while EUR/GBP rises 0.04% amid lingering concerns over the UK’s economic outlook. The Swiss franc is softening, with USD/CHF climbing 0.10%, as risk sentiment improves slightly. The yen is firmer, with USD/JPY down 0.06%, supported by safe-haven flows after China’s disappointing industrial production figures. US markets closed mixed yesterday, with the S&P 500 and Dow Jones gaining 0.38% and 0.29%, respectively, while the Nasdaq 100 slipped 0.28% amid tech sector profit-taking. Asian equities were subdued overnight, with Chinese stocks lagging after weak macro data reinforced growth concerns. Sector-wise, European banks are benefiting from higher yields, while autos and industrials face pressure from rising input costs. Investor sentiment remains fragile, with focus shifting to upcoming Eurozone CPI revisions and US jobless claims later today. The lack of major catalysts is keeping trading ranges tight, though volatility could pick up as markets reassess central bank policy paths.
🇪🇺 European Indices Performance
Change vs. yesterday's close
| Index | Price | Daily (%) |
|---|---|---|
| Euro Stoxx 50 | 6282.10 | +0.26 |
| DAX | 25017.72 | +0.07 |
| CAC 40 | 8376.42 | -0.07 |
| FTSE 100 | 10465.62 | -0.48 |
🇺🇸 US Markets — Previous Close
Yesterday vs. two days ago
| Index | Price | Daily (%) |
|---|---|---|
| S&P 500 | 7572.40 | +0.38 |
| Dow Jones | 52658.64 | +0.29 |
| Nasdaq 100 | 29502.60 | -0.28 |
💱 Currency Pairs
Change vs. today's open
| Pair | Price | Daily (%) |
|---|---|---|
| EUR/USD | 1.15 | +0.02 |
| GBP/USD | 1.35 | -0.01 |
| USD/JPY | 162.02 | -0.06 |
| EUR/GBP | 0.85 | +0.04 |
| USD/CHF | 0.81 | +0.10 |
| AUD/USD | 0.70 | -0.13 |
| USD/CAD | 1.40 | -0.01 |
🛢️ Commodities
Change vs. previous close
| Commodity | Price | Daily (%) |
|---|---|---|
| Gold | 4034.70 | -0.23 |
| Silver | 57.40 | +0.51 |
| Crude Oil (WTI) | 79.49 | -0.14 |
| Brent Oil | 84.58 | -0.44 |
| Natural Gas | 2.88 | -1.37 |
₿ Cryptocurrency
Change vs. previous close
| Crypto | Price | Daily (%) |
|---|---|---|
| Bitcoin | 64531.62 | -0.28 |
| Ethereum | 1917.40 | +0.02 |
📅 Today's Economic Calendar
High and medium importance events (ET)
| Time | Cur | Imp | Event | Actual | Forecast |
|---|---|---|---|---|---|
| 02:00 | 🇬🇧 | High | GDP (MoM) (May) | 0.1% | 0.0% |
| 02:00 | 🇬🇧 | Medium | Industrial Production (MoM) (May) | -0.5% | -0.1% |
| 02:00 | 🇬🇧 | Medium | Manufacturing Production (MoM) (May) | 0.1% | -0.2% |
| 02:00 | 🇬🇧 | Medium | Monthly GDP 3M/3M Change (May) | 0.7% | 0.5% |
| 02:00 | 🇬🇧 | Medium | Trade Balance (May) | -18.66B | -23.10B |
| 02:00 | 🇬🇧 | Medium | Trade Balance Non-EU (May) | -7.14B | |
| 03:30 | 🇨🇭 | Medium | SNB Monetary Policy Assessment | ||
| 05:00 | 🇪🇺 | Medium | Trade Balance (May) | 2.8B | |
| 07:00 | 🇬🇧 | Medium | NIESR Monthly GDP Tracker (Jun) | ||
| 08:00 | BRL | Medium | Retail Sales (YoY) (May) | 1.2% | |
| 08:00 | BRL | Medium | Retail Sales (MoM) (May) | 0.5% | |
| 08:15 | 🇨🇦 | Medium | Housing Starts (Jun) | 256.0K | |
| 08:30 | 🇺🇸 | Medium | Continuing Jobless Claims | 1,820K | |
| 08:30 | 🇺🇸 | High | Core Retail Sales (MoM) (Jun) | 0.0% | |
| 08:30 | 🇺🇸 | High | Initial Jobless Claims | 216K | |
| 08:30 | 🇺🇸 | High | Philadelphia Fed Manufacturing Index (Jul) | 12.7 | |
| 08:30 | 🇺🇸 | Medium | Philly Fed Employment (Jul) | ||
| 08:30 | 🇺🇸 | Medium | Retail Control (MoM) (Jun) | 0.5% | |
| 08:30 | 🇺🇸 | High | Retail Sales (MoM) (Jun) | 0.2% | |
| 09:45 | 🇨🇦 | High | BoC Interest Rate Decision | 2.25% | |
| 10:00 | 🇺🇸 | Medium | Business Inventories (MoM) (May) | 0.3% | |
| 10:00 | 🇺🇸 | Medium | Pending Home Sales (MoM) (Jun) | -0.5% | |
| 10:00 | 🇺🇸 | Medium | Retail Inventories Ex Auto (May) | 0.4% | |
| 11:30 | 🇺🇸 | Medium | Atlanta Fed GDPNow (Q2) | 1.3% | |
| 21:00 | 🇺🇸 | High | U.S. President Trump Speaks |
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