Walmart Inc (WMT.N) shares rose over 4%, the stock's largest intraday gain in eight months.

Valterra Platinum Ltd is preparing a decision that could shift Mogalakwena, the world’s largest platinum mine in South Africa, from open-pit to underground mining. Reserves are estimated to support more than 80 years of production, but falling open-pit ore grades and rising extraction costs have driven plans for the Sandsloot underground project. Valterra aims to start trial mining later this year and reach a final investment decision in 2027.

ECB Governing Council member Kazaks said upside inflation risks still dominate and the ECB can afford time to analyse inflation trends, so immediate rate moves are unnecessary. He warned rising oil and gas prices are likely to keep CPI elevated, while recent government bond sell‑offs may begin to curb activity. Kazaks said policy is clearly geared toward tightening, the central bank is not behind the curve, but inflation risks exceed growth downside risks and the trade‑offs will become increasingly difficult amid high uncertainty.