Eurozone Preliminary Manufacturing PMI declines to 42.7 in July vs. 43.5 expected

• Eurozone Manufacturing PMI contracts to 42.7 in July, missing estimates of 43.5.
• Bloc’s Services PMI drops to 51.1 in July vs. 51.5 expected.
• EUR/USD extends losses toward 1.1050 after dismal German and Eurozone PMIs.

more to come ...