Market comment - Calm before the Q2 results storm

Davy Research
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European equity markets gained on Monday (July 15th), but the advance in most leading benchmarks was relatively modest at under 0.5%. US markets also closed modestly higher in a relatively quiet session ahead of second quarter results season. The advance was helped by in-line Chinese Q2 GDP data, even though the growth rate of 6.2% was the lowest for 27 years. Alongside company results, there is a decent amount of releases due today which will be scrutinised to check the latest economic trends.