Eurozone unemployment rate holds at 6.4% in July
Eurozone unemployment rate for July was 6.4%, versus 6.3% estimate and 6.3% prior.
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com EU Mid-Market Update: Soft UK growth, hawkish ECB & an incoming UK Defence Plan that is expected to be short of funding; Focus on USD/JPY move
**Notes/Observations** - Month-end data flow was broadly constructive for the eurozone but added to the ECB's policy dilemma. French preliminary June CPI surprised to the downside at 1.8% y/y (vs 2.0%e), bringing headline inflation back to target for the first time in three months, while French consumer spending (+0.5%