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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 up 48 points at the open
- FTSE-100 called up 37 points at the open
- Dow futures called down 6 points at open
- US 10-yr Tsy yield last at 2.986%, unchanged
- Bunds called little changed at open
- Spot euro-dollar 8 pips higher, currently at $1.1592
- Spot dollar-yen 3 pips higher at Y111.69
- Brent crude oil falls 5 cents, currently at $73.40
- Spot gold rises 0.15 dollars, currently at $1207.98
* IMF POSTPONES ITALY ECONOMIC REVIEW TO SEPTEMBER: LA REPUBBLICA
* CHINA JUL CAIXIN SERVICES PMI 52.8; MEDIAN 53.5; JUN 53.9
* CHINA TO MAKE USE OF TOOLS SUCH AS TAX CUT, GOVERNMENT BOND
* CHINA TO MAKE MONETARY POLICY TRANSMISSION SMOOTHER

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