MNI China Daily Summary: Thursday, August 1

MNI: BOE VOTES 5-4 FOR 25 BPS RATE CUT AT AUG MEETING

MNI BRIEF: BOJ To Focus On Continued Positive Wage Setting

MNI BRIEF: Japan Q2 GDP To Rise 0.5% Q/Q; 2.2% Annualised

MNI BRIEF: China Retains Ample Policy Space In H2 – NDRC

MNI BRIEF: Caixin July Manufacturing PMI Falls Below 50

MNI: US Q2 PREL UNIT LABOR COSTS +0.9% VS Q1 +3.8%; Y/Y +0.5%

MNI: US JOBLESS CLAIMS +14K TO 249K IN JUL 27 WK

VDMA Factory Orders Remain Weak in June

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

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EURUSD consolidates overnight Italian...>

EURO-DOLLAR
EURO-DOLLAR: EURUSD consolidates overnight Italian inspired gains to settle
$1.1575-90 in early Europe. Bulls target a break of $1.1600 to change the
short-term outlook, before challenging the 100-dma at $1.1644. Focus turns to
Services PMI readings across Europe. Italy is next up at 0745GMT. The August
reading was 52.6. France follows at 0750GMT and in August was the second highest
out of the big four with a reading of 54.3. Up next, at 0755GMT, is the leaders
in August Germany, whose PMI reading was 56.5. Lastly, the Euro Area PMI at
0800GMT where the reading was 54.4 in August, with the flash estimate for
September at 54.7.
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