US DATA REACT: TD says "ISM manufacturing index slipped unexpectedly in July,
falling to 52.7 from 53.5. This was a weaker performance than the market
consensus for an unchanged print, and it suggests that the economic recovery is
leaking momentum." BNP says "The biggest movers in the month was production on
the positive side and inventories, backlog of orders, and employment on the
negative front. The details of the report were tilted negative."
