Morning Bid: Euro biz ebbs, China property and rate peaks?

News Snapshot:

A look at the day ahead in U.S. and global markets from Mike Dolan Another worrying drop in European business activity and a fresh property sector jolt in China encourages speculation the world's two most powerful central banks may end interest rate tightening campaigns this week with their final hikes of the cycle. In a week packed with market-moving events - G3 central bank decisions, mega-cap tech earnings, a Chinese Politburo meeting and second-quarter U.S. output numbers - the prospect of peak U.S. and euro zone interest rates will loom large. Futures markets assume the Federal Reserve's expected quarter-point hike...