PBOC said international methods for assessing exchange-rate equilibrium remain immature, and treating isolated assessment conclusions as an "official basis" to claim the renminbi is undervalued distorts and misuses the results.

The Trump administration's U.S. Department of Housing and Urban Development has opened an investigation into Wells Fargo's housing initiatives launched over the past decade to raise Black homeownership. HUD sent a letter to CEO Charlie Scharf on Wednesday asking whether the bank violated fair-lending laws by favoring Black or other minority borrowers. The inquiry signals the administration is re-examining corporate programs introduced under prior government or ESG-focused investor encouragement.

WTI crude up 3.00% intraday, trading at $90.99/bbl.