* Will new US investment restrictions on China derail latest diplomatic outreach?
* China exports fell the most in three years in June
* IEA cuts global oil demand forecast for 2023
* US economic activity increased slightly since late May: Fed Beige Book
* Business inflation expectations unchanged at 2.8% in July: Atlanta Fed survey
* Elon Must announces new company focused on artificial intelligence
* US junk bond market shrinks sharply after rate hikes
* “Inflation story is history,” predicts Johns Hopkins University Steve Hanke
* US consumer inflation slows to softest pace in more than two years:
Upcoming financial reports will provide context for deciding if the recent banking crisis is over. Earnings for the second quarter will be released starting on Friday. “Now that things have settled, it puts more attention on the deposit mix,” says Christopher McGratty, head of US bank research at KBW. Meanwhile, an ETF that tracks regional bank stocks (KRE) continues to trade in a narrow range following the sharp decline in March, when the crisis started.