Austria Trade Balance above forecasts (€0M) in July: Actual (€268M)

Euro gains ground against British Pound despite French debt risks

The EUR/GBP cross recovers some lost ground to near 0.8485, snapping the nine-day losing streak during the early European trading hours on Thursday. The British Pound (GBP) edges lower against the Euro (EUR) amid UK fiscal risks.
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Equities: Bond stress triggers global stock retreat - Deutsche Bank

Deutsche Bank strategists highlight a global equity selloff as wider European bond spreads and inflation concerns weigh on risk sentiment. European banks lead losses, while the S&P 500 retreats from record highs and the Russell 2000 underperforms.
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