Dutch and eurozone economies beat forecasts, raising odds of another ECB hike

• —CBS raised Dutch Q2 GDP growth to 0.6% q/q from 0.4% and to 1.6% y/y from 1.3%
• —Employment was revised from a loss of 8,000 jobs to a gain of 15,000
• —Eurozone composite PMI rose to 53.1 from 52.0, beating expectations of 51.7
• —The ECB deposit rate stands at 2.50%, with business costs rising at the fastest pace in four months