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British manufacturing growth picked up in July but new orders grew at the slowest pace in nearly a year, a survey showed on Monday, suggesting the factory sector would continue to drag on overall economic growth. The Markit/CIPS manufacturing purchasing managers' index (PMI) rose more than forecast in July to 51.9. The pace of growth of new orders slowed to 52.2, its lowest since September 2014, underscoring the challenge for policymakers to achieve more balanced long-term economic growth.
Greece's stock market plunged nearly 23 percent on Monday when it opened after a five-week shutdown brought on by fears the country was about to be dumped from the euro zone. National Bank of Greece , the country's largest commercial bank, was down 30 percent, the daily volatility limit. Trading on the Athens bourse was suspended in late June as part of capital controls imposed to stem a debilitating outflow of euros that threatened to collapse Greece's banks and hurl the indebted country out of the euro zone.