Morning Bid: Wall St shines, China misses again

from the European Banking Authority that showed three out of some 70 European Union banks failed to meet binding capital requirements under extreme macroeconomic scenarios.* U.S. corporate earnings: Loews, Arista Networks, Eversource Energy, Welltower, Western Digital, ON Semiconductor, SBA Communications, Hologic, Monolithic Power, Republic Services, Diamondback Energy, Avalonbay* U.S.

Line chart with data from the Bureau of Economic Analysis and Federal Reserve shows PCE inflation slowed to 3% year-on-year in June, while core PCE inflation also eased to 4.2%.By Mike Dolan, editing by Alex Richardson mike.dolan@thomsonreuters.com. Twitter: @reutersMikeDOpinions expressed are those of the author. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

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