Saudi Crown Prince Mohammed bin Salman was welcomed in Paris by the French prime minister at the Army Museum. The French president will receive him at the Élysée Palace.

ECB executive board member cipellone said the risk of economic stagnation and a sharp rise in inf is quite low.

HKEX filings show that after Alibaba (09988.HK) announced a HKD80 billion new share placement, chairman Joseph Tsai and CEO Wu Yongming bought a combined ~HKD120 million of Hong Kong-listed Alibaba shares. Tsai bought 720,000 shares at an average HKD112, spending about HKD80 million; CEO Wu bought 350,000 shares at an average HKD111.6, spending about HKD40 million. Total purchases: 1,070,000 shares for roughly HKD120 million.