Factories stuck in low gear on sluggish demand

LONDON/BEIJING (Reuters) - Global manufacturing activity remained stuck in a rut last month with factory output from Asia to Europe barely improving as producers struggled to bring in new orders, surveys released on Wednesday showed. Speculation has hardened in recent weeks that the U.S. Federal Reserve will raise interest rates in the next few months which, coupled with concerns about China and a possible British exit from the European Union, has knocked confidence. The world economy will meand