* Extreme heat bakes large parts of the US, Europe and Asia
* Will China deflation/disinflation soon be exported to the rest of the world?
* Investment banking, trading downturn ‘bottomed’, says Morgan Stanley chief
* US GDP growth set to pick up in Q2: Atlanta Fed’s GDPNow model
* Wave of corporate bankruptcies brewing as easy money era fades
* US homebuilder sentiment edges up in July, highest level since June 2022
* US industrial output falls for second month in June
* US retail sales rise for third month, reflecting slow but resilient spending trend:
