* IMF warns that higher inflation could be more than transitory
* Tapering timeline in focus in today’s press conference with Fed’s Powell
* Apple, Microsoft and Google report huge profits for Q2
* Is the sharp drop in China stocks a buying opportunity? Not yet, says UBS
* US durable goods orders continued increasing in June
* US Consumer Confidence Index ticked up in July to new pandemic high
* US house price increase continued to accelerate, breaking records in May: