INR

PBOC sets USD/ CNY mid-point today at 6.8184 (vs. estimate at 6.7673)

SpaceX plans to raise $75bn (Reuters cite an unnamed source) in its IPO by selling 555.6 million shares at $135 each, implying a $1.75 trillion valuation; the roadshow begins Thursday, a source told Reuters.

Japan's services PMI flatlined at 50.0 in May as business costs surged to a 43-month high on Middle East war disruption, ending 13 months of sector expansion.

PBOC is expected to set the USD/CNY reference rate at 6.7673 – Reuters estimate

Chaos descending on Middle East - air attacks on Saudi Arabia, Dubai now being reported. This is a dramatic re-escalation. Immediate and sharp risk premium spike in both Brent and WTI

Australia's services PMI fell to 48.7 in May from 50.7, with new orders contracting at the fastest pace in two and a half years and employment falling for the first time since late 2024.

China's SAIC Motor plans its first EU factory in Spain's Galicia, with a 200 million euro initial investment, 120,000-vehicle annual capacity and an operational target of end-2028.