Eurozone preliminary August services PMI 51.7 vs. consensus 51.5; July final 51.7.

WTI crude oil rose to $87/bbl, up 1.26% intraday.

A State Council executive meeting chaired by Li Qiang said Beijing will seize the opportunity from a new technological revolution and industrial transformation to accelerate construction of new-generation communication networks. The meeting urged an application-led, moderately preemptive rollout and coordinated advancement of basic networks, space-based networks, international links and integrated networks to consolidate and enhance the competitiveness of China’s information and communications industry.