This is what you need to know on Monday:
1. European stocks open modestly weaker Monday as investors kick off one of the busiest weeks of the quarterly earnings season amid questions over the European Central Bank's next policy move and the ongoing turmoil surrounding the administration of President Donald Trump.
2. The U.S. dollar remained pinned to 13-month lows in overnight trading amid ongoing concern that Trump's White House will struggle to extract itself from the myriad allegations linked to Russian meddling in the 2016 election and therefore push policy objectives further into the future. The dollar index, which measures the greenback's strength against a basket of six global currencies, was marked 0.05% higher at 93.90 at the start of European trading.
3. Monday's slate of releases includes the first look at economic activity around the currency area for the month of July from IHS Markit, which publishes its flash PMI readings for France, Germany and the broader Eurozone starting at 08:00 London time.
4. German automakers extended declines Monday after the European Commission confirmed it will study a report that linked several of the country's biggest brands to a decades-long program of collusion on technology costs and emissions controls.
5. Reckitt Benckiser Group plc (RBGLY) posted slightly better-than-expected second quarter sales Monday and lifted it mid-year dividend as the group prepares to exit the food business and focus on consumer healthcare.
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