ECB President Lagarde said long-term inflation expectations support a decline back to 2%.

MOFCOM held a regular press briefing; spokesman He Yadong said the ministry, with other agencies, has this year rolled out measures to boost travel services exports, standardize service trade, and accelerate construction of national service-trade innovation demonstration zones and national digital trade demonstration zones. MOFCOM is also continuing its Thousand Sails cultural trade export initiative to help cultural firms expand overseas and said it will press on with policy implementation to accelerate new growth drivers in service trade.

China A-share copper-clad laminate stocks rallied on volatile trading: Fangbang Co. jumped over 15%, Jin'an Guoji hit the daily trading limit, and Nanya New Material, Hengtong Co., Huazheng New Material and Supersonic Electronics also advanced.