The Financial Times reports Prime Minister Takaichi agreed in March to fund and provide industrial cooperation to build next‑generation small modular reactors in Tennessee and Alabama, part of Tokyo’s $550bn investment pledge tied to U.S. tariff concessions under Trump’s “liberation day” policy. Four sources said Tokyo and Washington remain in talks after Japan raised concerns about potential liability for a nuclear accident. The U.S. Commerce Department has given a verbal assurance that the Jap

Markets expect the ECB to hold in July, with most banks seeing September as the next likely tightening opportunity and policymakers retaining communication flexibility rather than explicit forward guidance. Commerzbank, Société Générale, ING, Daiwa, TD Securities, Danske and others forecast a July hold; ING and some banks warn a surprise hike cannot be ruled out but expect hawkish signalling, while statements will likely avoid preset paths. Deutsche Bank still models a second and final 25bp hike to 2.50% in September; Mitsubishi UFJ and Nordea see a September +25bp as the main scenario if energy prices rebound; Nuveen and Morgan Stanley flag energy/geopolitical-driven oil upside as the key risk that could reopen tightening. Reuters survey: all 74 economists expect a July hold, and 52 of 74 foresee an additional ECB hike in 2026; Franklin expects a final hike in September, then a pause with easing beginning in 2027.

富國銀行：將Arm(ARM.O)目標價從410美元下調至350美元。