Pakistani officials said the broader peace process has stalled but they hope it will resume soon.

Morgan Stanley cut its price target on Tencent Music (TME.N) to $10.1 from $10.5 and maintained a market-weight rating. The bank said synergies from the Himalaya acquisition are uncertain and could be a swing factor amid a prolonged competitive and earnings downgrade cycle. Accelerated share buybacks offer partial downside support but clearer visibility on competition is required. Morgan Stanley trimmed Tencent Music 2026–2028 EPS forecasts by 3–7% to reflect weaker subscription revenue. At current levels the stock trades at roughly 10x 2027E P/E and 6.6x ex-cash P/E; any valuation rerating depends on an improvement in the competitive landscape.

EIA Short-Term Energy Outlook projects 2027 WTI crude at $65.39/bbl, up from a prior forecast of $60.76/bbl.