Saudi government says fiscal deficit expected to be 3.6% of GDP in 2027.

China's front-month commodity futures opened mostly higher. Synthetic rubber rose >4%; natural rubber and 20# rubber gained >3%; rapeseed oil and soybean No.1 were up ~2%; palladium, rapeseed meal and Shanghai gold rose >1%. Decliners: SC crude fell >2%; fuel oil and low-sulfur fuel oil (LU) dropped ~2%; LPG, asphalt and Shanghai nickel fell >1%; soda ash and Europe–China container freight edged down ~1%.

Ukraine's prime minister said Kyiv is negotiating $20 bln in funding with partners, of which $7 bln would be drawn from Ukraine's own reserves.