Weekly note: Tech reporting season is nearly upon us, the UK corporate profits challenge, China, REITs, and Trump’s foreign policy

An important few weeks for tech earnings plus Trump's foreign policy

Programming note – I’m producing weekly notes until the end of August. Next week, there will be no notes as I'm travelling to Hong Kong. I have a visit to Macau planned. I welcome any reader's suggestions for places to visit.

Macro

Global equity markets fell 2.0% last week, with some reasonably big moves in the Nasdaq 100, Hang Seng and Euro Stoxx 50. My …