Oil Services & Equipment: 2Q Earnings: Thoughts and Observations Large Cap Banks: Fed Weekly: C&I Loans Down Again Last Week,Offset Partly by Strong CRE Growth Made in China: Insurance: 1H15 preview; Toll Road: Stay defensive; Tourism; Property Time to rotate into Air China, the laggard: Issues positive profit alert, non-public A-share issue will reduce gearing Profit alert – 1H15 net profit up ~70% on investments Valuations increasingly attractive;potential for positive policy surprises Key takeaways from conf call - ecommerce is excluded The 'New Normal' in China Smartphone growth Daily prices and news: World gold demand falls 16% QoQ in 2Q15 Key takeaways from AMKR results for Asia Tech