US economic data on Wednesday were mixed.
Real GDP shrank at a 2.9 percent annual rate in the first quarter, worse than the previous estimate of a 1.0 percent contraction.
Durable goods orders fell 1.0 percent in May but orders for non-defence capital goods excluding aircraft rebounded 0.7 percent after falling 1.1 percent in April.
Markit's flash reading of the US services PMI for June came out at 61.2, the highest since the survey began in October 2009, and up from 58.1 in May. That helped push the composite index to 61.1 in June, also a record high, from 58.4 in May.
European economic data on Wednesday were also mixed.
GfK's German consumer confidence for July came out at 8.9, up from 8.6 in June and the highest since December 2006.
However, UK retail sales growth slowed in June to a seven-month low, based on the CBI distributive trades survey. The survey showed a decline in the retail sales balance to +4 this month from +16 in May.
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