Brazilian presidential candidate Bolsonaro said the economy will be built on productivity and that his economic team will understand economics.

France and Germany are pushing the EU to adopt a new trade‑restriction tool; Beijing said it could coordinate with potentially affected third parties under WTO rules and study countermeasures. Measures China cited include anti‑discrimination probes, supply‑chain security investigations and foreign‑subsidy impact reviews. European Commission trade and economic security commissioner Maros Sefcovic is due to visit Beijing soon. Yan Shaohua, deputy director of Fudan University's China‑EU relations centre, said addressing disputes sector‑by‑sector (eg autos, chemicals) will not resolve the impasse and urged a comprehensive framework covering trade, investment, services and technology. He said the framework should reflect China's rising competitiveness, define mutually acceptable boundaries — including coordinated green‑technology standards and reciprocal market access — and that the EU should work with China on a balanced medium‑to‑long‑term roadmap rather than unilaterally setting deadlines.

JP Morgan chief portfolio manager Sylvia Sheng said higher policy rates will not derail the US economy because a strong AI-driven capex cycle is largely rate‑insensitive. She added financial conditions remain supportive, credit spreads are tight and corporate fundamentals are intact. JP Morgan is constructive on equities, citing robust nominal growth, lower recession risk and a sustained AI capex and earnings cycle. The firm continues to overweight US equities, saying the US offers the broadest and most durable exposure to AI capex and applications and that earnings momentum is spreading beyond early AI beneficiaries; JP Morgan sees further room for AI-related capex expansion.