Goolsbee said the Federal Reserve remains highly credible and that staff are taking the work extremely seriously.

China A-share pharmaceutical e-commerce sector extended gains; Huarun Pharmaceutical hit the daily limit-up, while Huaren Health, Aidi Pharmaceutical and Hainan Haiyao also advanced.

PowerChina says new-type power grid will be a core growth pillar as 2026 — the opening year of China’s 15th Five-Year Plan — sees national "six networks" annual investment exceed 7 tln yuan. The company will prioritize water and energy businesses and shift resources to strategic emerging industries. Over the 15th FYP PowerChina aims to keep water+energy investment at or above 65% and have strategic-emerging businesses account for at least 70% of incremental investment. For 2026 water projects the firm has flagged >1,400 domestic "five-star" priority projects totaling about 1.7 tln yuan and roughly 150 international "five-star" priority projects totaling ~130 bln yuan, putting tracked water projects above 1,500. PowerChina says it will assign subsidiary chiefs and dedicated project teams to priority-list projects to boost bid-to-contract conversion.