Smartphones are helping filmmakers tell the stories the movie industry overlooks 
In a rebuke to Trump, the Supreme Court rules that birthright citizenship is the law of the land 
JPMorgan Cuts Gold Price Forecast, Sees Bullion Reaching $4,500 by End of 2026 
AI can be a personal trainer in your pocket – but is it safe? 
Gold Surges Past $4150 on Dovish Fed Signals and Weak Jobs Data; Bullish Outlook Prevails 
Bank of America Upgrades T-Mobile to Buy, Says LEO Satellite Fears Are Overdone 
Buy the Dip: Gold Holds Strong at $3980, Targets $4150 
Bernstein Names IAG, Ryanair as Top European Airline Stocks Ahead of Earnings 
USA at 250: the Black American struggle for life, liberty and the pursuit of happiness 
Actions from Peoples bank of China (PBOC) and rising stock market has helped Chinese consumers to regain some of their confidence, however recovery remains far off if pre-crisis (2008/09) or peak (2013) is considered.
- This week HSBC flash manufacturing PMI pointed at recovery but overall growth remain in contractionary zone. HSBC flash manufacturing PMI for June came at 49.6, better than prior 49.2, however still below 50 mark, above which expansion is called.
- Similarly, in housing sector, prices are going up rapidly, in tier 1 cities price growth surpassed previous peak, however this rapid growth is not coming in line with price growth inlands, which suggests current bounce back may not the recovery China is in search for.
Westpac MNI China consumer sentiment data was released today.
- China consumer sentiment rose by 1.1% to 112.3, after holding steady for two months. However the sentiment remains far from its pre-crisis high around 130. As of now it remains subdued with 1 year average at 112.4.
- According to MNI, today's sentiment was majorly improved by better outlook from aged people.
Further evidences are required before a recovery can be called over Chinese economy.
Chinese benchmark stock index is currently trading at 4634, up 1.8% for today.
