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

China's services PMI rose to 54.4 in May from 52.6, the fastest expansion in three months, with new orders growing for a 41st straight month and employment returning to growth.

Data for Australian economic growth in the January - March quarter of 2026. GDP 0.3% q/q expected 0.5%, prior 0.8% GDP 2.5% y/y expected 2.7%, prior 2.6% Rising rates and war impacts will bite harder in Q2.

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