In European Equity Markets stocks swayed Thursday as investors, weighing a slew of corporate financial reports, sent shares of German lender Deutsche Bank AG down and those of Anheuser-Busch InBev SA’s higher. The Stoxx Europe 600 was up 0.1 percent at 382.99. Basic material and health care shares fell, while telecom and consumer goods shares were among advancing sectors. Deutsche Bank shares fell 3.1 percent as year-on-year revenue fell in all three business divisions at Germany’s largest lender. Shares of Anheuser-Busch InBev NV drove higher by 4.8 percent as the world’s largest brewer by sales posted a rise in quarterly profit to $1.5 billion.

In Currency Markets the U.S. dollar rallied against the euro and yen on Thursday after solid U.S. economic data, bouncing back from lows plumbed after Wednesday’s Federal Reserve monetary policy statement. The euro on Thursday was down 0.5 percent against the dollar, falling back below the $1.17 mark. The dollar rose 0.3 percent against the yen to 111.50 yen. The Swiss franc was the biggest mover among major currencies, falling to its weakest since the collapse of an official cap in 2015. On Thursday the dollar rose 1.3 percent against the Swiss currency to 0.9618 franc.

In Commodities Markets oil prices traded close to eight-week highs on Thursday, boosted by a steeper-than-expected slide in U.S. crude inventories last week. Brent crude futures fell by 2 cents to $50.95 a barrel, after rising about 1.5 percent in the previous session. U.S. West Texas Intermediate futures lost 1 cent at $48.74 a barrel. On Wednesday, the U.S. EIA reported a 7.2 million barrel decrease in U.S. inventories in the week to July 21, much more than the 2.6 million barrels forecast.  Spot gold was up 0.1 percent at $1,261.74 an ounce. Silver rose 0.9 percent to $16.76 per ounce. Platinum rose 0.5 percent to $933.60 per ounce, while palladium gained 1.7 percent to $879.50 an ounce

In US Equity Markets stocks rose on Thursday, powered by a barrage of strong quarterly earnings, particularly from Facebook and Verizon. The Dow was up 0.32 percent, at 21,780.94 and the S&P 500  was up 0.19 percent, at 2,482.68. The Nasdaq Composite was up 0.55 percent, at 6,458.28. Twitter was down 11.98 percent after the company’s quarterly results showed it failed to add users on a monthly basis in the second quarter, compared with the first quarter. Facebook  jumped 5.49 percent after the social network’s results topped Wall Street estimates. Verizon rose 6.37 percent after the company reported quarterly subscriber additions that topped estimates.

In Bond Markets U.S. Treasury yields rose on Thursday as investors prepared for new debt issuance and evaluated the Federal Reserve’s statement that it is closer to paring its balance sheet. Benchmark 10-year notes were last down 11/32 in price to yield 2.32 percent, up from 2.28 percent on Wednesday. Across the euro zone, 10-year government bond yields fell as much as 5 basis points on the day. In Germany, the bloc’s benchmark bond issuer, two-year bond yields fell to a six-week low around minus 0.645 percent .

European Equity Upgrades/Downgrades

• ELIOR (ELIOR FP) DOWNGRADED TO EQUAL WEIGHT FROM OVERWEIGHT AT BARCLAYS
• FORTUM (FUM1V FH) UPGRADED TO HOLD FROM REDUCE AT HSBC
• ANTOFAGASTA (ANTO LN) DOWNGRADED TO HOLD FROM BUY AT INVESTEC
• ELIOR (ELIOR FP) DOWNGRADED TO HOLD FROM BUY AT SOCGEN
• FRESENIUS SE (FRE GY) UPGRADED TO BUY FROM HOLD AT BANKHAUS LAMPE
• GSK (GSK LN) DOWNGRADED TO NEUTRAL FROM BUY AT BRYAN GARNIER
• NEXT (NXT LN) UPGRADED TO HOLD FROM UNDERPERFORM
• PSA (UG FP) UPGRADED TO BUY FROM HOLD AT SOCGEN