PBOC said under the Memorandum of Understanding with Bank Indonesia on establishing RMB clearing arrangements it has authorized Bank of China (Hong Kong) Limited's Jakarta branch to serve as Indonesia's RMB clearing bank.

Domestic News: 1. The Ministry of Commerce responded to the latest developments in China-US trade consultations: both sides agreed to establish a trade council and will discuss cooperation such as reciprocal tariff reductions under the council. 2. my country's installed power generation capacity exceeded 4 billion kilowatts. 3. The State Administration for Market Regulation held its second symposium on fair competition for enterprises in 2026. 4. The People's Bank of China: will increase overnight reverse repurchase operations in open market operations on June 29 and June 30. 5. Two departments: strengthen theoretical research and technological innovation in controlled nuclear fusion, space power stations, and high-temperature superconducting power transmission. 6. Ding Xuexiang attended the opening ceremony of the 9th China-Eurasia Expo and met with participating foreign dignitaries. International News: 1. Apple raised prices on several products including Macs and iPads, but not iPhones. 2. The Iraqi Ministry of Oil denied considering withdrawing from OPEC. 3. IBM released 0.7-nanometer chip technology, which can improve energy efficiency by 70%. 4. Vietnam will launch a carbon emissions trading pilot program next week, lasting until the end of 2027. 5. The UK will reduce its steel import quota by 51% from the originally planned 60%. 6. US core PCE rose 3.4% year-on-year in May as expected, and Q1 GDP growth was revised upward from 1.6% to 2.1%. 7. Federal Reserve – Williams: Expects inflationary pressures to ease, pushing back the timeline for achieving the 2% inflation target to 2028; Goolsby: Underlying inflation remains too high and the trend is unfavorable. He agrees with Warsh's view that speculation about future interest rates should be avoided; the ruling in the Cook case is expected next week. 8. Middle East Situation – ① Iran's Revolutionary Guard warns: Uncoordinated passage through the Strait of Hormuz is "unacceptable and dangerous." ② US media, citing US officials: Iran attacked a Singapore-flagged cargo ship in the Strait of Hormuz on Thursday. ③ International Maritime Organization suspends the evacuation of ships stranded in the Strait of Hormuz. ④ US Energy Secretary Wright: Iran's daily crude oil exports are expected to reach a maximum of 2 million barrels. ⑤ Israeli officials denied reports of a partial withdrawal of troops from the southern Lebanese "safe zone." Rubio: He is close to facilitating a preliminary agreement between Israel and Lebanon. ⑥ Iran's Persian Gulf Straits Authority warned ships against using unauthorized routes through the strait. ⑦ US media: Iran estimates annual revenue from tolls related to the Strait of Hormuz could reach $40 billion.

Market sources: a U.S. Army base will host a critical minerals plant to advance domestic production.