China

Fake news? : Trump officials in talks to take government equity stakes in US AI giants Washington wants a slice of the AI boom, and OpenAI's CEO has been quietly making the case for it since early 2025.

PBOC is expected to set the USD/CNY reference rate at 6.7735 – Reuters estimate

Japan fin min Katayama said ready to respond to FX. Yen shrugs it off.

Iran's foreign minister has threatened US regional bases and reasserted sovereignty over the Strait of Hormuz, even as Trump claims ceasefire talks are in their final stages. (Avicii, my bad in pic)

Japan's real wages rose 1.9% year-on-year in April, a fourth consecutive gain, while household spending beat forecasts, boosting the case for a BOJ rate hike at its June 15-16 meeting.

S&P Dow Jones Indices will keep its 12-month seasoning rule and profitability requirements intact, blocking fast-track S&P 500 entry for SpaceX and other mega-cap IPOs regardless of valuation.

Goldman Sachs is staying overweight equities over 12 months and advising clients to buy pullbacks, but warns that its risk appetite indicator at a four-year high raises the probability of near-term corrections.