Tata Steel workers in South Wales to begin indefinite strike next month – as it happened

About 1,500 Tata Steel workers will begin an indefinite strike in July over the company's plans to cut thousands of jobs, the trade union Unite says

Over in the eurozone, the economic recovery has suffered a setback this month as firms report a drop in new business.

The latest survey of eurozone purchasing managers has found that new orders decreased for the first time in four months in June, leading to slower rises in business activity and employment levels.

Is the recovery in the manufacturing sector ending before it began?

Both we and the market consensus anticipated that the increase in the index in May would be followed by another rise in June, potentially setting the stage for an upward trend. However, rather than moving closer to expansionary territory, the HCOB Flash Eurozone Manufacturing PMI reading fell, dashing hopes for a recovery.