GBP/USD one-year implied volatility fell to 6.9275%, the lowest level since February 2020.

Zhiyuan Innovation and Lansi Intelligent Robotics signed an agreement in Huizhou to set up a robot production line. The project will be located in Huizhou’s Huiyang Embodied Intelligence Industrial Park. Zhiyuan will commission Lansi to manufacture its robots, initially producing the Zhiyuan Lingxi X2 with targeted first‑year capacity of over 1,000 units and plans to expand to other Zhiyuan models thereafter.

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 Volkswagen Neutral with a €110 price target.