U.S. July Markit PMI

The July Markit Manufacturing PMI hit a seven-month low, while the Services PMI reached a 28-month high, presenting a mixed economic picture amid election uncertainties and rising input costs.

Analysts noted that the preliminary U.S. Markit PMI data indicated a "Goldilocks" scenario at the start of the third quarter, with the economy growing at a steady pace while inflation showed signs of easing. However, they cautioned that this positive outlook comes with caveats. The uncertainty surrounding the upcoming U.S. presidential election is dampening investment and hiring, and input costs are rising at a faster rate.