Brief Overnight Update: Of the many PMI’s due out, China’s July PMI missed big time, falling to a 11-month low. China’s CSI 300 Index down -1.7% and the Shanghai Composite Index is down -1.28%. The Nikkei closed lower by -47 points at 14,731. U.S. Futures seem to ignore such an awful print out of China. We have S&P Futures (ES) up .45 handles at 1688.75. Next up is PMI out of Europe.