Markets & Rates: Europe’s STOXX 600 hit a record close at 656.86 as tech and earnings lifted sentiment, while investors also weighed how central-bank wording can move FX even when rates don’t change. Banking Deals: The US Fed cleared Banco Santander’s acquisition of Webster Financial, adding to approvals from regulators and the ECB; in Malta, HSBC Malta’s sale to CrediaBank is awaiting regulatory sign-off with a Q2 2027 close expected. Asset Management & Tokenisation: BlackRock launched tokenised access to $311bn of European money market funds via JPMorgan’s Kinexys platform, aiming for 24/7 transfers without changing underlying liquidity standards. Corporate Finance & Energy: Ferrexpo paused iron ore output to protect working capital amid threats to Ukrainian ports; Hydnum Steel secured €150m from Cofides/FOCO for a clean steel plant in Puertollano. Policy & Risk: S&P warned Bosnia’s election-driven spending will widen fiscal deficits; MEPs urged the Commission to ease EU permitting rules for infrastructure in agriculture. AI & Cyber: A new audit says some Chinese open models show strong capability but weak safety controls, while regulators push tougher AI cyber risk rules for finance. Climate & Infrastructure: EIB added €50m to Slovakia’s grid upgrade programme to support renewables connections and smart meters. Migration Flashpoint: Ceuta’s crisis leaves over 1,000 child migrants stranded, keeping EU border politics in focus.