Societe Generale cuts Tesla (TSLA.O) price target to $266 from $268.

The Central Committee of the Communist Party of China and the State Council issued Opinions on developing new-quality productive forces, calling for deep integration of the real economy and the digital economy. The document directs clarification of data property-rights recognition and the establishment of market trading, rights-allocation and protection mechanisms, and it mandates pilot and demonstration projects to unlock the potential of data as a production factor. It instructs optimization of national data infrastructure planning and operations, acceleration of manufacturing digitalization, and implementation of major projects including East Data West Computing, smart manufacturing and industrial internet innovation. The paper calls for construction of a nationwide integrated computing-power network and a national blockchain network, and for a strengthened policy framework to promote digital industrialization and industry digitization and to build internationally competitive digital industry clusters.

A foreign media report citing an internal ECB presentation says the bank aims to issue a digital euro in H2 2029 that can be used at all euro-area online merchants, a subset of physical retailers, and for person-to-person transfers. The presentation says in-store payments and P2P transfers should support both online and offline transactions at launch; in-store acceptance was not part of earlier initial rollout plans.