China / Policy & Diplomacy
- Brazil announces visa-free entry for Chinese citizens
- Premier Li Qiang meets with a delegation of US senators
- Offshore yuan rises past 6.8 per dollar for the first time since February 2023
- China’s commerce ministry: firmly opposes and rejects EU ban on funding
projects using Chinese inverters
- China’s foreign ministry, on possible official US-China AI talks: no
information available at present
Global Markets & Central Banks
- South Korea surpasses Canada to become the world’s seventh-largest stock
market
- Trump extends deadline for EU tariff deal approval to July 4
- US court rules Trump’s 10% tariffs invalid, though ruling does not have broad
applicability
- World Gold Council: global gold ETFs returned to net inflows in April; Asia
logged an eighth straight month of inflows
- Poland c.bank governor: Poland holds 595 tons of gold reserves and aims to
raise holdings to 700 tons
-Fed’s Hammack: base case is for rates to remain unchanged for an extended
period period
Middle East & US–Iran
- Iran: has not responded to the US proposal
- Air defense systems activated in western Tehran; reports of explosions heard
in Dubai
- Iranian president says he recently met with the supreme leader
- Middle East media say the US and Iran reached understandings on easing the US
maritime blockade
- US intelligence reportedly assesses Iran could withstand Trump’s blockade for
at least three to four months
- Saudi Arabia and Kuwait restore US access to military bases and airspace; Al
Jazeera cites US officials denying reports about restarting “automatic action”
measures
- US State Department official: Lebanon and Israel to hold talks in Washington
next Thursday and Friday
