Eurozone July PPI MoM due for release in 10 minutes.

China International Capital Co said September sector allocation should focus on structural opportunities signalled by industry momentum. Tech growth is likely to diverge, requiring selective names: AI infrastructure segments such as optical communications and PCBs remain in a clear upcycle this year and could rebound after recent sell-offs; semiconductors and compute firms need closer alignment of fundamentals and valuations; innovative drug developers entering clinical data validation merit bottom-up selection. Weighing geopolitics and capacity-cycle positions, prioritize industries with improving earnings and tightening supply-demand such as construction machinery, power-grid equipment and petrochemicals/chemicals. Purely domestic-demand sectors show slower recovery and require further observation.

According to an SEC filing, Microsoft (MSFT.O) will report two business segments in fiscal 2027: Agency and Infrastructure, and Devices and Consumer.