European Stock Markets Get Reality Check After Greek Bailout Deal

European markets slip as doubts set in about whether Greece’s bailout deal can overcome political opposition at home and other hurdles and as Iran strikes a long-awaited agreement to wind back its nuclear program in return for relief from sanctions. Oil prices fall, and shares in oil companies including Anglo-Dutch Royal Dutch Shell (RDS), the UK’s BP (BP), Eni, of Italy, and France’s Total, edge lower on news of the deal between Iran, the U.S. and five other countries. Meanwhile eurozone industrial output figures for May come in way below expectations, declining 0.4% from April and highlighting the fragility of the 18-nation bloc’s economy.