Baker Hughes expects global upstream spending to decline slightly YoY in 2026.

Eurozone three-month annualized M3 money supply growth 3% in June, unchanged from May.

China has entered the flood season; the Ministry of Housing and Urban-Rural Development directed urban bridge authorities to intensify flood-season safety management, coordinating with meteorological, water conservancy and natural resources agencies to issue risk warnings and implement preventive and response measures for extreme weather and water- or geology-related hazards. Inspections should prioritize foundation scour, slope stability and drainage capacity; carry out comprehensive flood-safety risk and hazard remediation. Authorities must coordinate with river management to promptly clear channel accumulations and large drifting objects that could threaten bridges or obstruct flood discharge.