Zelenskiy said a ceasefire is itself a major concession and that he has repeatedly told Trump that merely holding the current front line is already a huge compromise.

At the morning open, China government bond futures front contracts were higher: 2-year (TS) +0.01%, 5-year (TF) +0.02%, 10-year (T) +0.03%, 30-year (TL) +0.08%.

Japan's largest union federation Rengo will push for about a 6% pay increase in 2027 spring wage talks, urging affiliates to demand at least 5% (ideal 6%). It calls for base wages to rise at least 3%, with an ideal target of 4%. Rengo assistant secretary-general Akira Nidaira said the move follows last year's 5% baseline and is intended to encourage larger pay gains, aligning with the government's aim of using sustained wage growth to support consumption and economic expansion.