France April PPI MoM -2.1%; prior reading revised from 2.00% to 1.9%.

According to Hongrun Construction, Hongrun Green Energy (Xuancheng) Energy Technology Co. held a commissioning ceremony for its high-performance battery project. The project is planned to have annual capacity of 60 million ultra-high-power cylindrical cells and 120 million ampere-hours (Ah) of low-altitude-economy cells, focused on ultra-high-power cylindrical battery technology and high-performance, high–specific-energy solid–liquid hybrid cells. The project is scheduled to complete full production-line certification in July–August 2026 and to begin formal mass production and market deployment in September 2026.

Spot gold down more than 2.00% intraday at USD4416.08/oz; New York futures down 2.00% at USD4412.20/oz