Capital Economics economist Andrew Kenningham says strong retail prints last week and a 0.9% MoM rise in May industrial production indicate Germany may have weathered the Iran war shock and could post Q2 GDP expansion. He cautions the industrial gain is chiefly auto production‑led and, given sector headwinds, that momentum is unlikely to persist; manufacturing’s share of the economy is likely to decline over the medium term.

Morgan Stanley strategists led by Michael Wilson say U.S. equity flows are rotating out of chip stocks into previously lagging hyperscalers — including Microsoft, Amazon and Meta — driven by their strong core businesses and role in AI data‑center demand. The team warns momentum is fading among some large-cap names, leaving major U.S. indices under short-term pressure while sector rotation continues in a generally weak market. Wilson adds recent underperformance could begin to soften expectations for hyperscalers’ spending plans. Morgan Stanley sets an S&P 500 year‑end target of 8,000, implying roughly 7% upside from current levels.

據外媒報道，數月來，特朗普一直喜歡把萬斯和魯比奧拿來比較，甚至有意讓兩人形成競爭關係。據知情人士透露，特朗普經常詢問身邊顧問：“2028年你們更希望誰成爲總統候選人？萬斯還是魯比奧？”但如今這種討論已經暫停。一位內部人士表示：“總統現在已經不再問萬斯還是魯比奧，也不再問萬斯最近表現怎麼樣，現在他會說：萬斯看起來很棒，對吧。”萬斯政治地位提升的重要轉折點出現在其幫助促成與伊朗達成諒解備忘錄之後。萬斯近期在電視節目上的表現、民調數據以及外交舞臺上的活躍度，都顯示出：至少在當前階段，如果他在2028年參選總統，他看起來已是特朗普最明確的政治接班人。一位特朗普高級顧問表示：“另一位被視爲潛在接班人的國務卿魯比奧本來就沒有打算參選，而現在參選的可能性更低了。”