JP Morgan said Volkswagen could further reduce capacity in Europe to ensure it meets financial targets, with adjustments potentially completed around 2029-30. The bank said VW’s strategic plan focuses on raising group competitiveness, improving its cost structure and using capital more efficiently. Analysts Jose M. Asumendi and Piyush Singla said they expect to discuss any potential changes to the European manufacturing footprint with management on the upcoming Q2 results call. JP Morgan rates V

美國環境保護局提議放寬重型車輛和發動機的空氣污染法規。

Allianz chief adviser Mohamed El-Erian said Japan's finance minister Katayama identified as a priority encouraging households and pensions, including the Government Pension Investment Fund (GPIF), to raise allocations to Japanese financial assets. Katayama's comments pushed the 10-year JGB yield down about 9bps and the yen up roughly 0.5% in Tokyo trade. If this marks a reorientation of Japan's large portfolio—still a significant uncertainty—the immediate market question is which overseas holdings would be pared first.