German Finance Minister and Vice Chancellor Lars Klingbeil poses for photographers before addressing a press conference to present the government's draft of the 2027 federal budget and financial plan through 2030, in Berlin on July 6, 2026. (Photo by John MACDOUGALL / AFP via Getty Images)

Traders moments before US President Donald Trump rings the opening bell of the New York Stock Exchange (NYSE) in New York on July 6, 2026 from the Oval Office in celebration of the First Day of trading of Trump Accounts (Photo by TIMOTHY A. CLARY / AFP via Getty Images)

German Finance Minister and Vice Chancellor Lars Klingbeil addresses a press conference to present the government's draft of the 2027 federal budget and financial plan through 2030, in Berlin on July 6, 2026. (Photo by John MACDOUGALL / AFP via Getty Images)

A trader moments before US President Donald Trump rings the opening bell of the New York Stock Exchange (NYSE) in New York on July 6, 2026 from the Oval Office in celebration of the First Day of trading of Trump Accounts (Photo by TIMOTHY A. CLARY / AFP via Getty Images)

German Finance Minister and Vice Chancellor Lars Klingbeil gestures as he addresses a press conference to present the government's draft of the 2027 federal budget and financial plan through 2030, in Berlin on July 6, 2026. (Photo by John MACDOUGALL / AFP via Getty Images)

German Finance Minister and Vice Chancellor Lars Klingbeil arrives to address a press conference to present the government's draft of the 2027 federal budget and financial plan through 2030, in Berlin on July 6, 2026. (Photo by John MACDOUGALL / AFP via Getty Images)

German Finance Minister and Vice Chancellor Lars Klingbeil arrives to address a press conference to present the government's draft of the 2027 federal budget and financial plan through 2030, in Berlin on July 6, 2026. (Photo by John MACDOUGALL / AFP via Getty Images)

(FILES) This photograph shows the industrial site of Fibre Excellence in Tarascon, south-eastern France on April 14, 2026, as two Fibre Excellence Group' sites in Tarascon and Saint-Gaudens face closure. The Toulouse Commercial Court postponed until July 27, 2026 its review of the takeover bid for Fibre Excellence submitted by financier Matthieu Pigasse, granting the paper manufacturerwhich is in receivershipone last chance. (Photo by Thibaud MORITZ / AFP via Getty Images)