Pakistan Foreign Ministry spokesman Tahir Andrabi said at a Wednesday briefing that Pakistan is continuing negotiations with the United States and Iran to end their conflict and is optimistic both will return to the negotiating table. He added that Pakistan Army chief Asim Munir’s visit to Tehran last month created significant momentum toward resolving the Strait of Hormuz issue.

日本财务大臣片山皋月：美国财长贝森特自去年十月以来一直表示，如果日本的通缩情况发生变化，则需要不同的策略。

Investors are repricing French political risk ahead of an October budget and next spring's presidential election. France's fiscal weakness is long-standing: it has breached EU deficit rules more than 20 times and its debt-to-GDP ratio has stayed above the EU limit since 2003. Ten-year OAT yields are near levels seen in the 2009–12 euro sovereign crisis, but the market move of note is the spread: the 10y OAT-Bund gap is about 87 bps, roughly 40 bps wider than the post-Draghi (2012) average and versus a c.189 bps peak around 2011. ECB backstops — OMT and the Transmission Protection Instrument (TPI) — exist but remain unused; deploying them for a core member such as France would be politically contentious, making France an awkward test case if spreads continue to widen. A key vulnerability is the investor base: foreign holders account for over 60% of French debt versus ~33% in Italy, and ABN AMRO estimates about 35% of French bond holders are price-sensitive, meaning modest reductions in marginal buyer demand could push yields higher without large-scale selling.