ECB executive board member WUNSCH said inflation remains too high.

At the night session open, main contracts on China’s futures exchanges were mostly lower. Shanghai silver (SHFE) and Shanghai tin fell nearly 3%; asphalt dropped over 2%; coking coal, Shanghai gold (SHFE), soda ash, coke and pulp declined more than 1%. On the upside, fuel oil and ethylene glycol (EG) rose over 1%; low-sulfur fuel oil (LU) gained about 1%.

TrendForce's AI Server industry research forecasts hyperscale cloud service providers' expanded server and AI infrastructure spending will lift combined capex for the world's top nine CSPs to over $957bn in 2026 (YoY +106%) and above $1.5tln in 2027 (YoY +60%), both exceeding prior expectations. The nine CSPs are Google, Amazon, Meta, Microsoft, Oracle, ByteDance, Tencent, Alibaba and Baidu.