The Eurozone economy sees a long-awaited "rebound"! The composite PMI in July rose to an eight-month high, but the threat of the Middle East geopolitical crisis and pressure from interest rate hikes still loom over the outlook.

According to the Zhitong Finance APP, driven by the recovery of the service sector and the strengthening of manufacturing, economic activity in the Eurozone rebounded in July. However, the uncertainty stemming from the geopolitical situation in the Middle East continues to cast a shadow over the economic outlook of the Eurozone. Data released on Wednesday indicated that the Eurozone's final SPGI Composite PMI for July was 52.0, up from the previously reported initial value of 51.9, marking the highest level since last November and the first time it has exceeded the threshold of 50 since March.