US June advance wholesale inventories +0.2% vs -0.3% prior

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.

India's RBI may have sold around $12bn in gold in the two weeks to May 22 to shore up foreign exchange reserves strained by high oil prices and a weakening rupee, Bloomberg Economics estimates.

Canada's trade minister says US talks are unfrozen and a meeting with USTR Greer was positive, but warned the road to conclusions is not always a straight line.

US military fires Hellfire missile at tanker bound for Iran's Kharg Island The Kharg Island intercept is the blockade doing exactly what it was designed to do, ceasefire talks notwithstanding.

Oil draw larger than expected. Oil climbs to 1 week high, Iran-US deal signals stay mixed