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Global stocks gain as US data eclipse Greek risk

SEOUL, South Korea- Global stocks were higher on Thursday as expectations for solid U.S. jobs data overshadowed worries about Greek debt. Britain's FTSE 100 was up 1.3 percent to 6,607.79 and France's CAC 40 jumped 2 percent to 4,885.45. The Institute for Supply Management, a trade group of purchasing managers, said its manufacturing index rose to the highest...
Source: The Associated Press | By: By YOUKYUNG LEE, AP Business Writer
Taiwan stocks edge lower as Greece bewilders markets

TAIPEI, July 2- Taiwan stocks fell on Thursday, bucking modest regional gains, as conflicting signals from Greece on a last-ditch international bailout kept many investors on the sidelines. A defiant Prime Minister Alexis Tsipras urged Greeks on Wednesday to reject an international bailout deal, wrecking any prospect of repairing broken relations with...
Source: Reuters
GLOBAL ECONOMY-Asian factory growth stays weak, Europe and U.S. sluggish

JPMorgan's Global Manufacturing Purchasing Managers' Index, produced with private data vendor Markit, slipped to 51.0 in June from 51.3 in May, matching April's near two-year low. "The growth of manufacturing output remained subdued during the second quarter, with the rates of increase in new business and output slipping to their lowest since the first half of...
Source: Reuters | By: Jonathan Cable
METALS-Aluminum, zinc rebound on hopes for demand, Greek deal

*Greece says ready to accept most creditor conditions. Metals joined euro zone stocks and peripheral bonds in climbing after Greece said it was ready to accept a bailout offer from its international creditors if some conditions were changed. "There's a recognition that even in the worst scenario, if Greece leaves the euro zone, it's not necessarily going to have...
Source: Reuters | By: Eric Onstad
Global factory growth eases on weak Asia, Europe -PMI

JPMorgan's Global Manufacturing Purchasing Managers' Index, produced with Markit, nudged down to 51.0 in June, matching April's near two-year low. "The growth of manufacturing output remained subdued during the second quarter, with the rates of increase in new business and output slipping to their lowest since the first half of 2013," said David Hensley, a...
Source: Reuters
Mexico factory sentiment slides to nearly 1-year low in June

MEXICO CITY, July 1- Mexico's manufacturing sector sentiment slipped in June to its lowest in 11 months as the pace of output and new orders flagged, a survey showed on Wednesday. "There has been a loss of momentum since the start of the year despite a boost from exchange rate depreciation and improving U.S. economic conditions," Markit economist Tim Moore said in a...
Source: Reuters
US manufacturing growth improves in June; hiring jumps

WASHINGTON- U.S. manufacturing growth improved in June, helped by a jump in employment. The Institute for Supply Management, a trade group of purchasing managers, said Wednesday that its manufacturing index rose to 53.5 last month from 52.8 in May. "When it goes up like that, it's in anticipation of future orders," said Bradley Holcombe, chairman of I.S.M.' s...
Source: The Associated Press | By: By JOSH BOAK, AP Economics Writer
METALS-Aluminium gains on hopes for China demand, Greek deal

*Greece says ready to accept most creditor conditions. LONDON, July 1- Most base metals rose on Wednesday on hopes that demand would recover in China and that Greece would eventually agree a bailout with creditors. "There's a recognition that even in the worst scenario, if Greece leaves the euro zone, it's not necessarily going to have a deep negative impact on...
Source: Reuters | By: Eric Onstad
Euro zone economy at 'tipping point': S&P

The economic recovery in the euro zone is likely to gain momentum on the back of consumer demand, but Greece is a threat.
Source: CNBC.com | By: Holly Ellyatt
METALS-Aluminum edges higher on hopes for China demand, Greek deal

*Report says Greece ready to accept most creditor conditions. LONDON, July 1- Base metals edged higher on Wednesday on hopes that demand would recover in China and that Greece would eventually agree a bailout with creditors. "There's a recognition that even in the worst scenario, if Greece leaves the euro zone, it's not necessarily going to have a deep negative...
Source: Reuters | By: Eric Onstad