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***Below gives levels of key markets.......>

SNAPSHOT
SNAPSHOT: ***Below gives levels of key markets ahead of London session:
- Xetra-DAX called down 17 points at the open
- FTSE-100 called down 23 points at the open
- Dow futures called down 4 points at open
- US 10-yr Tsy yield last at 2.9747%, up 1.5bps
- Bunds called 10 to 15 ticks lower at open
- Spot euro-dollar 12 pips lower, currently at $1.1679
- Spot dollar-yen 12 pip higher at Y111.97
- Brent crude oil falls 21 cents, currently at $74.00
- Spot gold falls 3.60 dollars, currently at $1220.65
* U.S. SAID TO PLAN HIGHER TARIFF ON $200BN OF CHINESE IMPORTS (BBG)
* U.S. TALKS WITH CHINA OVER TRADE DISPUTE SHOW LITTLE PROGRESS (WSJ)
* TRUMP: U.S. ECONOMY GOING TO DO EVEN BETTER NEXT QUARTER
* CHINA FACES `BIG' ECONOMIC SLOWDOWN PRESSURES (DAILY)
* CHINA JUL CAIXIN MANUFACTURING PMI: 50.8; MEDIAN 50.9; JUN 51.0
* U.K.'S HAMMOND SEEKS ANOTHER ROUND OF SPENDING CUTS: TIMES (BBG)
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