Spain's foreign minister said Madrid is in talks with Canada and regards Canada as a very close partner of the EU.

Meanwhile, the Turkish central bank governor said weakening domestic demand has slowed economic growth.

Daiwa Securities analyst SK Kim says Samsung Electro-Mechanics’ revenue growth is likely to be driven by demand for multi-layer ceramic capacitors (MLCCs) used in AI data servers. The company has signed multi-year supply contracts with several large tech customers for delivery starting next year. Daiwa expects AI servers to account for 40% of the company’s MLCC revenue by 2027 and notes AI servers use about 30% more MLCCs than previous-generation data servers. Daiwa retains a Buy rating but trims its PT from 3.3 mln won to 3.0 mln won to reflect lower peer P/E multiples.