Quotes from Nordea Markets:
-The eurozone PMIs improved again in July, while the weakening of the euro should somewhat offset the effect of a weaker growth outlook stemming from geopolitical tensions.
-The geopolitical risks are nothing new, since the ECB noted already in July that risks to the economy are to the downside and geopolitical risks, as well as developments in emerging market economies and global financial markets, may have the potential to affect economic conditions negatively.
-Still, ECB should emphasize that geopolitical risks have increased further lately.
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