European markets are recovering today after the two-day sell off caused by China's decision to proceed with a devaluation of its currency, while it is also monitoring the voting process for the measures that are accompanying the third Greek bailout package.
The British FTSE 100 index was up by 0.64% at 6,613 points, the German DAX rose by 1.36% at 11,078 points and the French CAC 40 moved up by 1.68% at 5,012 points.
Stoxx 600 index recorded profits of 1.40% at 388.36 points.
On the dashboard, Nestle (SIX:NESN) is gaining 2.2% after it announced that its profits for the first half amounted to 4.52 billion Swiss francs. However, sales were affected by the strengthening of the Swiss currency and the slowdown of demand in emerging markets.
Thyssenkrupp (XETRA:TKAG) was up by 4%, as it announced a fivefold increase in its net profit in the third quarter of use. The company said that the earnings amounted to €199 million from €42 million in the same quarter of 2014.
Also, TUI (XETRA:TUIGn) increased by 7.7%, as the profits for the third quarter of use rose to €194 million, despite the difficulties that the company faced in Tunisia and Greece.
In the economic data of the day, the inflation in Germany remained at 0.1% on an annual basis in July 2015, while on a monthly basis stood at 0.3%.
Germany: Consumer Prices Remained Subdued In July
The index of consumer prices in Germany remained subdued in July, which is an indication that the program of the ECB bond buying has not yet brought the desired effect on Europe's largest economy.
The federal statistical service confirmed today the initial estimates for inflation from 30 July, but added that the decline in energy prices continues to push the price index.
The harmonized consumer price index rose by 0.3% on a monthly basis, leaving the annual rate stable at 0.1%. The prices rose by 0.2% nationally on an annual and monthly basis.
Energy prices in July fell by 0.5% compared to May, but they fell by 6.2% compared with the same period last year.