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WRAPUP 1-European business growth eased in July over Greek fears

LONDON, Aug 5- Growth among European service businesses, which dominate most economies across the continent, eased last month as firms worried about Greece's flirtation with bankruptcy, surveys showed on Wednesday. Still, euro zone firms did accelerate growth towards the end of the month after Athens agreed a framework bailout plan with its European Union...
Source: Reuters | By: Jonathan Cable
European markets higher as Fed expectations build

European markets traded higher Wednesday, as expectations that the U.S. Federal Reserve will become the first major central bank to raise rates grow.
Source: CNBC.com | By: Arjun Kharpal
UK services growth slips in July, hiring hits 16-month low

Wednesday's Markit/ CIPS services purchasing managers' index fell to 57.4 in July from 58.5 in June, undershooting a Reuters poll forecast for 58.0 but still indicating expansion among services businesses. And survey compiler Markit suggested the upturn was relying on financial services companies, which in July enjoyed their best month since 2013. By...
Source: Reuters
Euro zone's July business growth exceeds expectations-PMI

With conditions and sentiment improving in the bloc after the deal, Markit's July final Composite Purchasing Managers' Index beat an earlier estimate of 53.7, settling at 53.9. The composite PMI pointed to third-quarter expansion of 0.4 percent, Markit said, in line with the expectations for the previous three months but less than the 0.5 percent median...
Source: Reuters | By: Jonathan Cable
Asian shares rise after China data, but Shanghai, Sydney lag

Equity markets in Shanghai and Sydney underperformed the region on Wednesday.
Source: CNBC.com | By: See Kit Tang
China, HK stocks fall, investors still shaky despite support measures

HONG KONG, Aug 5- China stocks fell on Wednesday, shrugging off a vow by the central bank to stabilise market expectations and a private survey which showed activity in the services sector activity accelerated last month. China CSI300 stock index futures for August fell 2.2 percent to 3,752.8, or 136.23 points below the current value of the underlying index,...
Source: Reuters
Caixin China services PMI at 11-month high

A reading of China's services sector expanded at a quick pace, a positive signal that marked a sharp contrast to recent weak manufacturing data.
Source: CNBC.com | By: Leslie Shaffer
GRAINS-Corn rises for 2nd day on bargain-buying; soy, wheat firm

SINGAPORE, Aug 5- U.S. corn futures rose for a second session on Wednesday, with the market underpinned by bargain-buying after prices slid to a six-week low earlier this week, although expectations of ample global supplies capped gains. Soybeans rose after sliding for the last three sessions, while wheat gained 0.6 percent. *There is additional support for corn...
Source: Reuters
UPDATE 1-China July services activity quickens to 11-month high - survey

*July Caixin services PMI hits 53.8, highest since Aug 2014. BEIJING, Aug 5- Activity in China's services sector expanded at its fastest pace in 11 months in July, thanks to stronger new business, a private survey showed on Wednesday, a welcome development at a time factories in the world's second largest economy are struggling. The services Purchasing Managers'...
Source: Reuters
China's July services activity quickens to 11-month high -survey

BEIJING, Aug 5- Activity in China's services sector expanded to its fastest pace in 11 months in July, a private survey showed on Wednesday, offseting some downward pressure on the world's second largest economy as the manufacturing sector falters. China's official services PMI released on Saturday showed that activity quickened slightly in July from the...
Source: Reuters