The European Central Bank (ECB) has imposed penalties on Luxembourg International Bank for breaching an ECB decision on internal models.

U.S. equities closed higher on Monday, June 29: Dow Jones Industrial Average +305.97 pts (+0.59%) to 52,182.08; S&P 500 +86.34 pts (+1.17%) to 7,440.36; Nasdaq Composite +522.53 pts (+2.07%) to 25,820.14.

Japan has drafted a blueprint targeting annual real GDP growth of more than 1% and nominal growth of 3% by 2040, roughly double its five-year average. The plan projects cumulative public and private investment above ¥370 trillion (about $2.29 trillion) by FY2040, an annual private-sector capex target of about ¥230 trillion and a GDP level near ¥1,100 trillion. The blueprint centres on strategic public‑private partnerships and directed support for industries the government views as critical to long-term competitiveness to address chronic underinvestment. The government urged the Bank of Japan to maintain growth‑friendly interest‑rate settings, signalling a preference for lower financing costs and raising the prospect of policy friction as the BOJ cautiously withdraws from ultra‑loose policy.