Investing.com - The euro zone’s trade surplus narrowed unexpectedly in July, official data showed on Monday.
In a report, Eurostat said the trade surplus shrank to a seasonally adjusted €12.2 billion in July from a surplus of €13.8 billion in June. Analysts had expected the euro zone’s trade surplus to widen to €15.9 billion.
In July, seasonally adjusted exports fell by 0.2% while imports rose by 0.9%.
Following the release of the data, the euro held on to losses against the U.S. dollar, with EUR/USD shedding 0.29% to trade at 1.2928.
Meanwhile, European stock markets remained mixed. The DJ Euro Stoxx 50 dipped 0.1%, France’s CAC 40 slumped 0.25%, London’s FTSE 100 inched down 0.2%, while Germany's DAX climbed 0.1%.