Japan's business activity expands for seventh straight month: au Jibun bankThe country's composite purchasing managers index stood at 52.1 for July, unchanged from the month before.
Services PMI slipped slightly to 53.9 from 54 in June, while manufacturing activity stayed in contraction territory, with the PMI falling to 49.4 from 49.8.CNBC Pro: Bank of America says Europe's oil majors ‘are close to bottoming out' — and names its top pick ahead of earnings Bank of America believes Europe's Big Oil stocks "are close to bottoming out," pointing to the start of the earnings season this week as an inflection point.
The Wall Street bank named its "Big Oil top pick" ahead earnings, and expect it to rise by 30% over the next 12 months.CNBC Pro: China's earnings season is just getting started. Here are some winners to watchProfits are moving to industrials, consumer discretionary and staples — and away from materials and energy, according to HSBC.
Investors may also get some answers about macro policy in coming days with a gathering of Chinese leaders, called the Politburo, due by the end of the month.