Federal Reserve Governor Waller said he expects next month's CPI and PPI to be "at reasonable levels".

MOFCOM urged France to immediately stop implementing its anti-fast-fashion law, saying the measure cloaks trade restrictions in environmental and sustainability language, applies double standards and likely violates WTO non-discrimination rules. Spokesperson Huang Ling said China seeks equal dialogue to resolve disputes in sustainable textile trade and to preserve a fair, non-discriminatory market environment for Chinese firms. Huang warned that if France proceeds, China will take necessary measures to defend the legitimate rights of Chinese companies and that France would bear the resulting consequences.

Financial Times reports Union Investment urged Volkswagen's supervisory board to approve a restructuring plan that would cut 100,000 jobs in Germany.