Russian Deputy Prime Minister Novak said oil companies have raised fuel production to maximum levels as of today.

World Economic Forum added 16 factories to its global lighthouse list; eight are in China. Lu Caiyun, chair of UBS Wealth Management Asia, said UBS is bullish on China’s semiconductor and AI supply chains, citing AI infrastructure build-out, policy support, rising AI capex and chip localization. Paul Gruenwald, chief economist at S&P Global Ratings, said China remains the largest contributor to global growth and has climbed the value chain, notably in clean-energy technologies. Pang Anze, president and chief sustainability officer of IKEA China, said China is the world’s second-largest home-furnishing market and expects gradual growth supported by the 15th Five-Year Plan and consumption measures.

Riksbank Governor Thedéen said the economic impact of the Middle East war is already evident in multiple price-pressure indicators in Sweden and among its major trading partners.