 Meanwhile, the latest European consumer price numbers show inflation slowing slightly following the European Central Bank's decision to begin cutting interest rates this month. In France, CPI rose 2.5% year-on-year in June. That's compared to 2.6% the previous month. The reading matched the median estimate of economists in a Bloomberg survey. Spain also saw inflation in retreat. Price gains moderated to 3.5% this month, down from 3.8% in line with expectations.