ZEW officials play down better-than-expected economic sentiment data

European Market Update: ZEW officials play down better-than-expected economic sentiment data; Equities correcting this session as Shanghai Composite regains composure to end session in positive territory ECONOMIC DATA - (JP) Japan Jul Tokyo Dept. Store Sales Y/Y: -13.4% v -11.4% prior; Nationwide Dept. Sales Y/Y: -11.7% v -8.8% prior - (SP) Spain Jun Services Sector Sales Y/Y: -14.1% v -19.3% prior; Services Sector Employment Y/Y: -6.7% v -6.7% prior - (SP) Spain May bad loan ratio at 4.7% v