European data wrap: PMI points to manufacturing recovery across Europe

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Eurozone inflation came in firmer than expected in July, with headline CPI holding at 2.0% yoy, defying forecasts for a slight dip. Core CPI was steady at 2.3%, as anticipated. The data supports the view that the ECB may already be done cutting rates this year, with markets increasingly convinced that further easing will require […]The post European data wrap: PMI points to manufacturing recovery across Europe appeared first on Action Forex.