European markets have opened marginally higher today. A slew of European macroeconomic releases, especially the German consumer price inflation and Eurozone sentiment indices data, are likely to attract significant market attention.

Closer home, a report from GfK indicated that UK consumer confidence rose to its highest level since March 2005 in June. Meanwhile, a survey by Hometrack indicated that house prices in the UK increased at a slower pace in June. Later, market participants will closely eye the UK economic growth data for further direction.”

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