As expectations build for US inflation data set to release, Asian markets see a dip, influenced by rising US Treasury yields and a struggling Japanese Nikkei index. Notable corporate updates include Allianz’s optimistic earnings forecast and RWE’s announcement of a buyback plan worth 1.5 billion euros. Meanwhile, Volkswagen firmed a partnership with Rivian for electric vehicle development, and Ford initiated temporary layoffs in response to weak electric vehicle demand. Additionally, Spotify experienced significant user growth, while Spirit Airlines faces imminent bankruptcy after unsuccessful merger talks.