On Tuesday, from Eurozone, Spanish Manufacturing PMI figures were released. At 54.0, the headline PMI signalled a solid monthly improvement in the health of the manufacturing sector. That said, the reading was down from 54.7 in June and pointed to the weakest improvement in business conditions since March. The rate of expansion in total new orders eased for the second month running in July and was the slowest since September 2016. In contrast, new export orders rose at a sharp and accelerated pace.

Wednesday brought Spanish Unemployment Change figures. The number of unemployed registered in the offices of the Public Employment Service (SEPE) in July fell by 26,887 people in relation to the previous month. Thus, the total number of unemployed registered in the month of July stands at 3,335,924. It reaches its lowest level in the last 8 years. In seasonally adjusted terms, unemployment rose by 11,771 people.

Friday brought German Factory Orders figures. Based on provisional data, the Federal Statistical Office (Destatis) reports that price-adjusted new orders in manufacturing had increased in June 2017 a seasonally and working-day adjusted 1.0% on the previous month. For May 2017, revision of the preliminary outcome resulted in an increase of 1.1% compared with April 2017 (primary +1.0%). Price-adjusted new orders without major orders in manufacturing had increased in June 2017 a seasonally and working-day adjusted 2.0% on the previous month.

This week markets will be looking at:

German Industrial Production (Monday 8:00)

German Trade Balance (Tuesday 8:00)

French Industrial Production (Thursday 8:45)