US S&P Global manufacturing PMI fell to 49.5 in Jul, from 52.9 in Jun
Below expected 52.7; services PMI rose to 55.2 in Jul, from 52.9 in Jun
Services offsetting unexpected weakness in mfg; uptick in price component is worrying
ECB left deposit facility rate unchanged at 2%
As expected
With inflation broadly in line with expectations, no urgency from ECB to cut soon
Eurozone HCOB manufactur-ing PMI rose to 49.8 in Jul, from 49.5 in Jun
As expected; services PMI rose to 51.2 in Jul, from from 50.5 in Jun
Mfg to join services in expansion amid ongoing cyclical recovery
Turkey cut 1w repo rate by -300bp to 43%
Cut greater than -250bp expected
Continuing downtrend in inflation opens more room for cuts by CBRT