UK June services PMI (flash) 48.7 vs. 50.1 est; prior 49.3 — reading below 50 signals sector contraction.

BAGHAEI, Iran's foreign ministry spokesman, said Iran will continue to cooperate with the IAEA under existing procedures and in accordance with laws passed by parliament and decisions of the Supreme National Security Council.

BofA now expects the Fed to raise rates three times this year, a reversal from its prior call for unchanged policy. The bank cites stronger-than-expected economic data and a hawkish shift in Fed communication, implying a more aggressive response to inf. The forecast remains a minority view: 19% of market investors now expect three hikes, up from 3% a week ago; most investors still see two hikes as the likeliest outcome.