Europe's economy has 'likely bottomed out' and is starting to bounce back, according to a set of closely-watched business surveys

· Europe's economic slump has "likely bottomed out" and is bouncing back, according to a set of closely watched business surveys released Thursday.
· IHS Markit's Eurozone Composite Purchasing Managers Index (PMI) posted an improved reading of 30.5 in May, up from 13.6 in April.
· The UK's Composite Index came in at 28.9, up...