France's president Macron said the ECB leadership transition must now be prepared with European partners in an orderly, balanced manner.

Intel (INTC.O) guided Q4 revenue at $15–16bn vs analysts' average ~$17bn (some >$18bn) and forecast adjusted EPS of $0.25 vs Street $0.43. Management cited a sharp drop in PC-processor demand and difficulty capturing rapid demand for high-margin data-center components. OEM laptop and desktop makers are being hit by memory shortages and surging component costs; management said rising memory prices are a major challenge likely to persist through 2027. Intel now expects the PC market downturn to last at least into 1H 2027, projecting a 12% decline in 2026 followed by a further ~10% drop next year. Shares fell about 22% in after-hours trading.

IMF: Over the past three years U.S. economic growth has been underpinned by strong productivity gains.