Eurozone July final CPI +8.9% vs +8.9% y/y prelim

Intel's 300%+ rally faces valuation risk; P/E near 90, but AI segment grows 40%.

Japan April manufacturing PMI 55.1 vs 51.6 in March, best since January 2022. Output fastest since Feb 2014 but driven by stockpiling. Supply delays worst in 15 years. Input costs at 3.5-year high. Business confidence near 5-year low.

Antitrust suit blocks Nexstar's $6.2B Tegna deal. States cite consumer harm & job cuts. Merger faces legal hurdles.

Japan's senior currency official Atsushi Mimura refused to confirm or deny reports of yen intervention after the currency breached 160 per dollar, as the BoJ's cautious stance, $120 oil and thin Golden Week liquidity keep the pressure firmly on.

Tokyo April CPI 1.5% y/y vs exp. 1.8%; core-core 1.9% vs exp. 2.3%. Slowest core reading since March 2022. Below BoJ 2% target for third month. BoJ signalled possible June hike at April meeting.

Altria beats EPS ($1.32 vs $1.25), revenue up 5.3%. On! volumes jump 17.6%. Yields 5.8%.

UPS & FedEx to refund billions in tariffs. Customers see potential cost savings, boosting logistics sector valuation.