Pakistan's foreign ministry said its foreign minister and his Saudi counterpart agreed continued escalation of the conflict undermines efforts to achieve peace and stability.

The European Commission is drafting a "solidarity tool" to help firms shift supplies of critical goods and cushion the impact of trade conflicts, sources say. The measure will require funding and is being considered in talks on the EU's next multiannual financial framework; the required funding is unclear but could be substantial given the scale of affected industries and trade. Some member states are pushing for spending cuts. National envoys were briefed on the proposal this week.

New ETF listings have pushed China’s total ETF count past 1,600. Equity ETFs recorded net inflows of nearly CNY100 billion this month, with ETFs serving as a primary channel for funds entering the market. Multiple institutions say they remain constructive on equities for long-term allocation.