Asian factory growth stays weak, Europe and U.S. sluggish

"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 director at JPMorgan. China’s factory activity contracted for the fourth straight month in June but at a slower pace than in May, signaling the slowdown in the world's second-largest economy may be leveling out. The HSBC/Markit Flash China Manufacturing PMI edged up to 4