ECB governing council member Nagel said the ECB will meet in two weeks and again in September.

Citi cut its target price on Tencent to HKD 758 from HKD 763 and kept a Buy rating. For Q2 Citi forecasts revenue +9.3% YoY to CNY 201.7 bln and adjusted net profit +5.1% YoY to CNY 66.25 bln, citing caution over AI-related spending and profit drag; estimates are below consensus. Citi expects H2 focus on agent-style AI trials within WeChat, mini-program integration with Hy3, next-generation/upgrades to the Hy model, and capex. Citi says Tencent will likely prioritize share buybacks, boost AI investment and use AI to reinforce core-business growth.

US energy shares rose; Devon Energy up 1.6%, Halliburton up 2.1%, Chevron up 1.2%, Exxon Mobil up 0.5% and ConocoPhillips up 1.9%. Occidental Petroleum rose 3.0%, APA Corp rose 2.5% and Diamondback Energy rose 2.2%.