JP Morgan cut BMW target price to EUR68 from EUR82.

Sources close to the mediation team say mediators have briefed Saudi Arabia and the UAE on the contents of a memorandum of understanding and both countries have signalled approval. Washington and Tehran have made concessions on nuclear issues and on frozen assets.

China State Planner said China will build about 15 new civil transport airports during the 15th Five-Year Plan, centered on Beijing, Shanghai, Guangzhou, Shenzhen, Chengdu and Chongqing to form coordinated, complementary world-class airport clusters. Projects cited as completed or underway include new airports in Hohhot, Xiamen and Dalian; new airports to be built in Guangzhou and Nantong; preliminary work advanced for Sanya and other sites; and a programme of hub airport expansions plus construction of several border-region airports.