US Markets & Rates: Wall Street hit record highs as a weak July jobs report cooled near-term Fed hike bets, pulling Treasury yields lower and setting up next week’s CPI as the key test for inflation anxiety. Housing Pressure: Australia’s big banks see Sydney and Melbourne property still falling in 2026 before only a tepid 2027 recovery, while Victoria’s planning system is again blamed for locking families out of home ownership. Middle East Energy & Risk: Strait of Hormuz disruption keeps jet-fuel tight and raises airline supply stress, while Qatar’s heavier sustainable debt issuance is helping offset broader regional bond volume declines. AI Capital vs Demand: Analysts warn the AI buildout could still turn into a capital bubble if supply ramps faster than monetizable demand, even as data-center chip demand keeps surging. Tech Earnings & Forecasts: Microsoft’s AI push and other mega-cap results are driving swings, but several forecasts are getting punished—AMD on margin concerns, HubSpot after cutting its customer-growth outlook, and Under Armour with a steeper revenue decline. Corporate/Market Micro Signals: Uber shares rose on a Q2 beat but Q3 guidance lagged; Pinterest bounced on dip-buying as revenue trends improved; and Micron’s volatility highlights how memory cycles can overwhelm valuation optimism. Defense/Logistics & Health Supply: The US Air Force backed Dzyne’s autonomous cargo drone work, and Oklo’s reactor reached criticality aimed at stabilizing medical isotope supply. Consumer/Other: Under-the-radar costs like “line rental” are drawing scrutiny in the Philippines, while Croatia’s diesel prices are set to tick up.