港股收盤，恆生指數收漲0.16%，恆生科技指數收跌0.96%；MINIMAX-W(00100.HK)收跌17.13%，賽力斯(09927.HK)跌13.56%。

Nick Timiraos writes that last month the Fed chair presided over their first in-office meeting, where the committee unanimously left rates unchanged. Consensus was initially easy because few members wanted to act, but Timiraos says sustaining it will be harder as some colleagues grow more concerned about inf and may push to discuss hikes at the Fed’s July 28-29 meeting. The chair will have an opportunity to shape consensus during congressional testimony this week and will possess the June inf print — the last major data before the meeting.

Morgan Stanley strategists say the US equity rally should broaden beyond tech giants as this earnings season delivers strong results across other stocks. The team led by Michael Wilson says the median S&P Composite 1500 constituent currently has EPS growth above 10%, the strongest reading since the post-pandemic recovery. Analysts are raising profit forecasts for consumer discretionary and transportation, both closely tied to economic growth. "We expect market breadth to continue widening as median-stock earnings resilience drives the rally." Q2 earnings season begins Tuesday with large banks reporting first. Compiled data show analysts expect S&P 500 company profits to rise about 23% YoY, one of the strongest stretches outside recoveries after major recessions.