France May industrial output -0.1% MoM, vs -0.4% expected; April revised up to 0.3% from 0.1%.

CSC Financial says AI-driven cost pressure has shifted to the materials end, where exposure is fragmented and many leading suppliers are Japanese. Since H2 2025 bilateral tensions have shown signs of accelerating, tightening supply via de-Japanization while AI-led demand-side inflation reinforces the effect. The firm expects the de-Japanization theme to have further room to run and recommends continued de-Japanization trades, prioritizing domestic powder materials and fluorinated-polymer names for faster growth and accelerating import-substitution opportunities.

波蘭總理圖斯克：波蘭在承諾對烏克蘭的援助時應保持謹慎。