US durable goods orders +0.3% MoM in June, versus +2.5% expected; May revised to -4.0% from -4.5%.

China's Ministry of Industry and Information Technology and seven other ministries launched a 'one‑stop' special action to support innovation policies for technology firms, targeting high‑tech enterprise evaluation and certification. The initiative will push data sharing, optimize administrative systems, strengthen information verification and raise certification efficiency. MIIT has set up a coordination mechanism to clear bottlenecks; local high‑tech certification authorities will lead implementation with regional industry and information, science, finance, emergency management, tax, market supervision and intellectual property departments coordinating.

高盛数据显示，美国家庭、养老金、保险机构和投资基金的股票配置已接近65%，创历史新高，较2008年金融危机后的低点上升约31个百分点，并超过互联网泡沫时期峰值。G10国家同类投资者的股票配置也升至约57%，较此前周期高点高出约12个百分点。 这表明全球居民与机构财富对股市的依赖明显加深，高仓位能够强化上涨阶段的财富效应，却也意味着家庭消费和机构资产负债表对市场回撤更加敏感，潜在增量买盘空间相对收窄。不过，仓位创新高本身并不是顶部信号，仍需结合估值、盈利和资金流向判断。