ECB executive board member SCHNABEL said ECB interest rates are not yet restrictive.

Meta Platforms (META.O) said it supports the government's goal of promoting US leadership in powerful, secure frontier AI.

Goldman Sachs' China macro team says Chinese household asset allocation is in the early stage of a structural shift. With real estate's role in wealth accumulation waning and deposit rates low, savings may gradually reallocate into broader financial assets; equities and insurance are likely mid-term beneficiaries. Equities currently account for under 10% of household assets, implying substantial room for further reallocation. The bank cautions the adjustment will be uneven—household risk appetite remains cautious and financial wealth is unevenly distributed—so change is unlikely to be linear or broad-based. If household confidence stabilizes and capital market returns prove attractive, equities could take a larger share of new household savings.