德国财政部：注意到裕信银行对德商银行的收购要约结果。裕信银行的激进敌对态度仍然不可接受。

Trump said he does not want to speak with Spaniards, calling them hopeless and not good people.

Samsung posted record profit and profit rose sharply YoY, yet its shares fell—a sign the market is shifting to a high-expectations regime rather than rejecting the results. Under the AI and semiconductor cycle, investors increasingly trade on the gap between results and elevated expectations; strong growth that is already priced can become a sell-the-news trigger. The surprise-versus-expectation dynamic is supplanting raw earnings as the primary pricing variable. Volatility in South Korean equities and pressure on Nasdaq futures show this higher bar is spilling across the tech sector. Short term: valuation repricing. Longer term: if investors persistently raise required returns, financing conditions for AI infrastructure, semiconductors and other tech capex could tighten.