European Movers: Fortum (FORTUM FH) +3%, Porsche AG (P911 GY) +1.4%, Novartis (NOVN SW) +0.8%, Associated British Foods (ABF LN) -10%

NATO allies have reportedly caught Russian subs training to debut a secret weapon which could disable critical undersea cables, without leaving evidence, Reuters reports

China's MOFCOM says China and the US are in consultations on arrangement for a USD 30bln reciprocal tariff cut framework, Xinhua reports

European Movers: Fortum (FORTUM FH) +3%, Porsche AG (P911 GY) +1.4%, Novartis (NOVN SW) +0.8%, Associated British Foods (ABF LN) -10%

Pakistan's Foreign Office spokesperson says the Makkah defence agreement is a defensive alliance focused on deterrence, with expansion not currently planned until its foundations are solidified, journalist Mallick reports

IBM (IBM), Lockheed Martin (LMT) announce Swiss Quantum Innovation Hub at ETH Zurich