Deutsche Bank 7月31日长篇，33页。
　　Economics Focus：We expect RBI to deliver a 25bps rate cut，while CBSL andBSP keep their policy rates unchanged.We foresee July＇s exports modestlyweaker across the region amid diverging inflation data.In EMEA，focus is onJuly inflation numbers across CE3，Russia and Turkey，Russia’s GDP and thepossible hike by Czech Republic.The turnout in Venezuela’s constituentassembly elections on Sunday will be important to monitor.In our view，arecovery of bond prices from recent losses seems unlikely in the absence of aclearer path towards presidential elections next year.