France's Cac down 0.4 Pct

Europe's Ftseurofirst 300 falls 0.1 Pct

Uk's Ftse down 0.1 Pct

Moody's: Portugal's very High Debt Burden Is a Key Challenge, Against the Background of Only Moderate Economic Growth Prospects

Anz: With Growth Looking Okay, We Continue to Look for another 25bp Cut by the Rba at the August Meeting With the Cb on Hold Following That