德國政府將2026年經濟增長預測上調至1.3%，高於4月份的0.5%。

French government bonds were sold off this month and the weakness spread across the eurozone, prompting large investors to buy deeply sold assets such as Italian sovereigns and corporate debt on the view contagion fears may be overblown. The French 10-year premium over Germany widened to about 140 bps, roughly two-thirds wider than at the start of the month; the Italian 10-year spread climbed above 110 bps. Several major asset managers said they have decisively bought bonds hit in the rout, arguing a repeat of the early-2010s eurozone debt collapse is unlikely. A manager at Aberdeen said Europe’s government bond market now has materially stronger institutional backstops and steadier investor confidence than in the early 2010s.

A-share oil and gas stocks remained active; Shandong Molong hit the daily limit in late trade. Tongyuan Petroleum, New Natural Gas, Sinopec, PetroChina and CNOOC all advanced.