德国4月出口物价指数月率 0.8%，前值1.1%。

CITIC Securities' consumer-sector 2026 H2 strategy says three signals—record tech crowding, policy tilt from supply-side reform to demand stimulus (so‑called 'anti‑involution' measures), and the onset of a low‑rate era—combine to favor a barbell rebalancing rather than a binary consumption vs. tech trade. The firm expects the current consumption recovery to be driven by supply‑side clearing ahead of demand recovery, producing a mild, uneven upswing reliant on stock‑specific alpha. Near term, supply dynamics—inventory destocking and eased competition—should let market leaders rebound first; policy catalysts or stronger‑than‑expected growth could create broader beta opportunities. Long term, maintain structural allocation to new products, technologies, channels and markets.

OpenAI said it has implemented mitigation measures for an outage and is monitoring service restoration.