| * China's reports weak manufacturing sector growth in June * Three dead as hundreds of thousands protest against Morsi * Share rout set to delay China banks' Hong Kong listings * China: investors take weak growth in their stride but rightly fret about property * Dilma Rousseff's approval ratings fall as troubles mount * Most Emerging Stocks Rise as Philippines, India Gain; HTC Drops * Obama unveils $7bn Africa power initiative * Syrian currency slide sparks invention * India's jewellers become frontline in gold battle * Wary of the peso, Argentines try a new form of payment Markets: mixed China's reports weak manufacturing sector growth in June
China's manufacturing sector weakened sharply in June, an indication that the country's growth slowdown has deepened as the government has refrained from stimulating the sluggish economy.
http://on.ft.com/13k2Ljt Three dead as hundreds of thousands protest against Morsi
Hundreds of thousands of Egyptians flooded the streets of Cairo and cities across the country on Sunday to call on the country's Islamist president Mohamed Morsi to step down in the toughest challenge he has faced since his election with a slim majority a year ago.
http://on.ft.com/158cqbX Share rout set to delay China banks' Hong Kong listings
China's banks have been dealt a further blow as falling share prices put on ice a number of potential new Hong Kong listings. Several smaller Chinese commercial lenders had been planning Hong Kong stock market debuts this year or early next year, including Bank of Shanghai, Guangfa Bank, and Bank of Chongqing.
http://on.ft.com/14Ge6XL China: investors take weak growth in their stride but rightly fret about property
One effect of the recent turmoil in China's financial markets is that investors are no longer surprised by gloomy news on the economic outlook. Chinese equities barely flinched after the announcement of the official purchasing managers' index for June and the final version of HSBC's PMI for the same period. Even though both pointed stagnating growth in China's factories, the often-volatile Chinese stock market was almost unmoved, with the Shanghai Composite index closing 0.8 per cent up.
http://on.ft.com/17xQAyY Dilma Rousseff's approval ratings fall as troubles mount
The Confederations Cup, the warm-up tournament for the World Cup next year, ended on Sunday night with police dispersing protesters outside the Maracanã stadium in Rio de Janeiro with tear gas while inside Brazil thrashed Spain. The 3-0 victory by the home team over the world champions was a rare piece of good news for President Dilma Rousseff, whose approval ratings have fallen 27 percentage points since early June when Brazil's nationwide political protests started, according to a new poll by Datafolha.
http://on.ft.com/119pO0g Most Emerging Stocks Rise as Philippines, India Gain; HTC Drops
Most emerging-market stocks advanced as Philippine shares extended the biggest four-day rally since 2008 and Indian shares gained, countering declines in Chinese manufacturing gauges.
http://bloom.bg/14I7Qie Obama unveils $7bn Africa power initiative
Barack Obama unveiled a multibillion dollar initiative on Sunday to help Africa tackle its crippling power deficit, with an ambitious target of doubling access to electricity in sub-Saharan Africa as the US president pledged to form a partnership with the fast-growing continent.
http://on.ft.com/158aSyE Syrian currency slide sparks invention
Syrian companies and citizens are stockpiling goods, ripping up old market rules and switching away from dollar-priced imports, in an effort to combat the threat posed by the tumbling currency to their livelihoods and savings.
http://on.ft.com/16IMYcr India's jewellers become frontline in gold battle
The elegant, marble-floored showroom of Zaveri & Co – an upmarket jewellery shop in the Indian city of Ahmedabad – houses cases of shiny, filigree gold necklaces, bangles, rings and earrings: symbols of status and security for India's increasingly affluent population.
http://on.ft.com/15U2gZs Wary of the peso, Argentines try a new form of payment
Argentina gets a new payment method on Monday that, unlike the peso, can be swapped for much coveted dollars in a country where greenbacks are like gold.
http://on.ft.com/10sVZW4 Emerging Markets
MSCI Emerging Market Index down -0.01% at 940.28 Europe
FTSE down +0.62% at 6,254
RTS up +0.03% at 1,276
Warsaw Wig down -0.14% at 44,687
FTSE 300 Eurotop up +0.39% at 1,157 Americas
DJIA down -0.76% at 14,910
S&P 500 down -0.43% at 1,606
Bovespa down -0.32% at 47,457 Asia
Nikkei 225 up +1.28% at 13,853
Topix up +1.49% at 1,151
Hang Seng up +1.78% at 20,803
Shanghai Composite up +0.81% at 1,995
MSCI Asia ex-Japan down -0.03% at 432.16
CNX Nifty up +1.01% at 5,901 Currencies
€/$ 1.30 (1.30)
$/¥ 99.58 (99.12) Commodities
Brent Crude (ICE) up +0.89 at 103.05
Light Crude (Nymex) up +0.60 at 97.16
100 Oz Gold (Comex) up +18.70 at 1,243 | 
