PMI suggests eurozone leaving recession.

Eurozone flash manufacturing PMI has increased to a two-year high in July and returned to expansion, rising to 50.1 from 48.8 in June and topping consensus of 49.2. Composite output has climbed to 50.4 from 48.7 and also beat forecasts. "The best (composite) PMI reading for 1 1/2 years provides encouraging evidence to suggest that the euro area could – at long last – pull out of its recession in the third quarter," says Markit.