Morning All.

Weak China June factory activity deepens growth worries

BEIJING | Mon Jul 1, 2013 7:01am BST
(Reuters) - Growth in China's vast factory sector slowed to multi-month lows in June on faltering new orders, a pair of surveys showed on Monday, boding ill for the world's second-largest economy still smarting from fears of a credit crunch.

Economists said the two purchasing managers' indices (PMI) reinforced their concerns that China's economic cooldown could deepen in the second quarter, especially with Beijing looking increasingly reluctant to take action to stimulate growth.

Might be worth watching today.

Nikkei climbs to 1-month high in choppy trade

Mon Jul 1, 2013 7:25am BST
TOKYO, July 1 (Reuters) - Japan's Nikkei average climbed 1.3
percent to a one-month high on Monday as investors were
encouraged by the index's resilience in holding off early rounds
of profit-taking.

The benchmark Nikkei ended 175.18 points higher at
13,852.50, gaining for a third day in a row - its longest
winning streak since May.

The broader Topix index advanced 1.5 percent to
1,150.70 in subdued trade, with 2.48 billion shares changing
hands.

Japan big manufacturers' mood turns positive - BOJ tankan

TOKYO | Mon Jul 1, 2013 7:49am BST
(Reuters) - Japanese manufacturers' sentiment turned positive in the three months to June for the first time in nearly two years, a closely-watched central bank survey showed, a sign the recent market turbulence has yet to hurt the feel-good mood created by the government's reflationary policies.

Robust private consumption also lifted service-sector sentiment, boding well for the Bank of Japan's plan to end 15 years of grinding deflation and achieve its 2 percent inflation target in two years through aggressive monetary stimulus.

FTSE 100 ends the day with strong gains on upbeat data