Europe Stock-Index Futures Little Changed Amid Earnings Reports

Bloomberg, (25/7) --  European stock-index futures were little changed before data that may show German business confidence rose and as companies from Credit Suisse Group AG to Roche Holding AG and BASF SE posted earnings. Futures on the Euro Stoxx 50 Index expiring in September slid 0.1 percent to 2,748 at 7:05 a.m. in London. Contracts on the U.K.’s FTSE 100 Index were also little changed. The Stoxx Europe 600 Index, the region-wide benchmark, rose to an almost eight-week high yesterday as data signaled Germany is leading a revival in euro-area manufacturing and companies posted results that exceeded estimates.In Germany, business confidence probably rose for a third month in July, data may show at 10 a.m. Frankfurt time. The Ifo institute’s business climate index, based on a survey of 7,000 executives, climbed to 106.1 from 105.9 in June, according to the median of 45 forecasts in a Bloomberg News survey. Credit Suisse may be active after posting a 33 percent increase in second-quarter profit as earnings at the investment bank more than doubled. Net income of 1.05 billion Swiss francs ($1.12 billion) exceeded the 1.03 billion-franc average estimate of 10 analysts surveyed by Bloomberg.Roche may decline. First-half earnings excluding some items, which the company calls core net income, climbed to 6.65 billion Swiss francs from 6.04 billion francs a year earlier, the Basel, Switzerland-based company said.