The economic slowdown is here and it's global/Other notable stuff

Growth concerns are the worry this morning with June PMI's in Japan, Australia, the Eurozone and in the UK all declining m/o/m. Japan's manufacturing PMI fell back below 50 at 49.8 and its service sector saw its index down by 1.7 pts m/o/m to 54.2. The composite of 52.3 is a 4 month low and "The softening of growth momentum fed through to reduced optimi…