China A-share low-altitude economy sector rose; Zongshen Power and CITIC Offshore Helicopter hit the daily limit; Wanfeng Aowei, Chuangyuan Xinke and Suochen Technology also advanced.

ECB says uncertainty is reflected in Eurosystem staff’s latest illustrative scenarios, which show a wide range of inf and growth outcomes.

Argus Media energy reporter Nader Itayim, citing Mehr news agency and a source close to Iran’s negotiating team, published details of a US‑Iran 14‑point draft memorandum of understanding. Market-relevant points: permanent, immediate cessation of hostilities on all fronts including Lebanon; US pledge of non‑interference and respect for Iranian sovereignty; full lifting of maritime blockade within 30 days; US withdrawal of forces from around Iran; reopening of the Strait of Hormuz within 30 days under Iranian arrangements; suspension of sanctions on Iranian oil, petrochemicals and derivatives and restoration of Iran’s access to its financial resources; US and allies to propose an Iran reconstruction plan worth at least $300bn; a 60‑day negotiation period to seek a final nuclear agreement and full removal of primary and secondary US sanctions and relevant UNSC and IAEA board measures; and unfreezing $24bn of Iranian funds during the 60‑day talks, with half to be released before negotiations begin.