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In China, GDP expanded 6.3% in the second quarter, missing forecast of 7.3%. This was the quickest pace since the second quarter of 2021, but Covid-19 restriction last year provided a very favourable base effect. Microsoft's proposed $69bn purchase of Activision Blizzard is back on, on the US side at least. On Friday a US judge rejected final calls to block Microsoft from taking over Activision Blizzard, but in the UK, the CMA is wanting time to consider the proposals from Microsoft to restructure its cloud gaming business. After last Friday which saw JPMorgan Chase, Wells Fargo and Citigroup all beating earnings and revenues estimates, other financial giants are set to report this week. Tomorrow, Bank of America is forecast to post earnings of 84 cents per share on revenue of $25.02Bln. On Wednesday Goldman Sachs’s EPS is seen at $3.46 per share and revenue at $10.66Bln. Other than banks, we are expecting big names to report in the coming days. Starting on Wednesday with Tesla, Netflix, Halliburton and IBM, followed on Thursday by American Airlines and Johnson and Johnson, and on Friday American Express and Schlumberger. Subscribe ► https://www.youtube.com/IGUnitedKingd... Learn how to trade with IG: https://upl.inc/the-world-of-ig We provide fast and flexible access to over 17,000 financial markets – including indices, shares, forex and commodities – through our award-winning range of platforms and apps. Established in 1974 as the world’s first financial spread betting firm, we’re the world’s No.1 provider of CFDs and spread betting* and a global leader in forex. We also offer an execution-only share dealing service in the UK, Ireland, Germany, Austria and the Netherlands. Our range of affordable, fully managed investment portfolios rounds out our comprehensive offering to investors and active traders. Through our low fees and smart price-sourcing technology, we help traders keep their costs down. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading spread bets and CFDs with this provider†. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money. Professional clients can lose more than they deposit. Based on revenue excluding FX (published financial statements, February 2023). † For the 12 months preceding 1 July 2023.