All the day’s economic and financial news, including new PMI healthchecks on the world’s factory sectors and the latest on Greece’s debt talks * Greece and creditors agree bailout deal * Introduction: UK and eurozone factory data * China’s factory growth slows 7.53am BST AFTER MONTHS OF DEADLOCK, GREECE AND HER CREDITORS APPEAR TO HAVE FINALLY REACHED AN AGREEMENT ON ITS BAILOUT PROGRAMME. “There is white smoke… the negotiation is finished with agreement on all the issues. Under the accord, Greece commits to further fiscal cuts—after its current bailout ends—through pension reductions equaling around 1% of gross domestic product in 2019, and a similar amount in 2020 from a reduction in the threshold for paying personal income tax. 7.42am BST MANUFACTURING PMI DAY HAS GOT OFF TO A BAD START IN CHINA. Summary of China's Caixin Manufacturing PMI pic.twitter.com/B820Bc0mlk Continue reading...
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