ECB's Nagel: ECB will do whatever necessary to him he energy price surge

Japan's Finance Minister Katayama confirmed she held nearly an hour of talks with US Treasury Secretary Bessent on Monday, reaffirming a bilateral pact on decisive market steps and declining to comment on FX levels.

OpenAI is targeting $100bn in advertising revenue by the end of the decade, its ad chief said at Cannes Lions, as the company expands its query-based ad business across seven test markets.

Japan's flash composite PMI rose to 52.5 in June, its strongest in three months, but input cost inflation hit a near four-year high as Middle East war pressures on energy and materials intensified.

PBOC is expected to set the USD/CNY reference rate at 6.7762 – Reuters estimate

UBS remains bullish on global equities over six to twelve months, forecasting S&P 500 EPS growth of 20% in 2026 and AI-related capital expenditure of $820bn, with further gains expected across Asia and Europe.

Pedestrian deaths up 75% as US vehicles grow taller. Rising risks for auto sector valuations.

Standard Chartered forecasts gold at $5,100/oz and the S&P 500 at 7,950 by mid-2027, favouring equities and EM bonds in a soft-landing base case while flagging a more active H2 ahead.