U.S. Treasury Secretary Bessent said U.S. reindustrialization and re-privatization are gaining strong momentum, citing today’s jobs report showing U.S. firms added nearly 400,000 private‑sector jobs over the past three months.

European shares opened lower; EUROSTOXX 50 down 1.1%, Germany's DAX down 1.3%, UK FTSE 100 down 1.2%.

The 25th session of the 14th National People’s Congress Standing Committee concluded, voting to approve 15 laws and related decisions, notably a Prosecutorial Public‑Interest Litigation Law, an Anti‑Cross‑Border Corruption Law, a revised Water Law, an Antarctic Activities and Environmental Protection Law, and amendments to the Emergency Response Law. CHINA signed presidential Orders Nos.86–91 enacting the measures. The meeting also voted to remove Li Lecheng from his post as minister of the Ministry of Industry and Information Technology (MIIT). The committee approved a decision to ratify the agreement establishing the World Artificial Intelligence Cooperation Organization.