Saudi government reports April goods exports rose 9.3% YoY; oil exports rose 11.7%.

At China Merchants Bank’s shareholder meeting in Shenzhen on June 25, party secretary and president nominee Wang Xiaoqing outlined four strategic priorities. First, stay customer‑centric and adhere to a long‑term approach, avoiding short‑term profit‑seeking or opportunistic revenue grabs. Second, prioritize asset quality, operate within capability limits, and avoid swapping tomorrow’s non‑performing loans for today’s revenue. Third, keep retail banking as the core franchise; despite market challenges, wealth‑management‑led retail remains CMB’s strategic focus and ballast. Fourth, continue to increase technology investment.

Daiwa Securities economist Koji Hamada says Japan’s large investment program to boost growth and economic security could sustain fiscal concerns in the JGB market. He says funding needs will vary by sector, with semiconductors and cloud data centers most urgent; even less capital‑intensive industries may rely on long‑term financing. Regardless of project outcomes, the plan implies an inevitable increase in new yen government bond issuance.