Markets now fully price four 25bp ECB rate hikes before end-2027.

A European Commission document says the EU will propose banning children under 15 from using social media, video-sharing platforms, AI chatbots and online games. The measure, part of the EU Kids Act, is due to be unveiled Thursday by European Commission president VON DER LEYEN and the commission's tech chief, with parts possibly previewed in VON DER LEYEN's Wednesday policy speech. The proposal would curb technology firms' ability to access and influence minors, allow phased age-based access limits across services (including gaming platforms), and impose company obligations scaled to service type and child age.

Saudi Civil Defence said the danger has passed.