The pan-European Stoxx 600 was flat with the different sectors in opposite directions. Basic resources and cars were the worst performers in early deals given their connection to trading. On the other hand, housewares led profits supported by strong earnings. LVMH rose 2 percent, almost reaching new highs after delivering robust results in the first half of the year.
With regard to the European benchmark, the Swiss pharmaceutical manufacturer Lonza has raised its annual outlook and equities plunged jump nearly 7 percent and profits across Europe. Also Telefonica Germany has risen by about 6 percent, after it has confirmed to achieve the annual target.
The Deutsche Bank share fell slightly in the second quarter after a net profit of 401
No important economic data will be released on Wednesday.