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A few analyst reactions to weak.......>

US DATA REACT
US DATA REACT: A few analyst reactions to weak U.S. Jul flash PMIs:
- Danske: The flash PMIs signal US GDP growth around ~1.5% q/q annualised. In
our view the indicators support the call for Fed easing.
- BMO: Despite some upbeat reads from the Empire survey and Philly Fed index,
the chance of a manufacturing recession in the US remains omnipresent.
- IHS Markit (who own the data): Adds support to dovish views on the economy in
advance of an expected rate cut. But the PMI is only just in rate cut territory.

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