Cuba's foreign minister said the U.S. embargo and related sanctions are "causing deaths" in Cuba.

Japan's government monthly economic report on Tuesday retained a "mild recovery" assessment, saying expansion still has room to continue. The May activity index, due July 7, is expected to show 72 consecutive months of growth; if June and July readings also indicate expansion, the current cycle would exceed the prior 73-month record. Consumption and trade have underpinned a strong start to the year, with demand for AI-related products a key support for exports. Household spending remains uncertain as inflation erodes purchasing power. Dai-ichi Life Research Institute chief economist Toshihiro Nagahama, an independent member of a government economic and fiscal advisory council, said generative-AI investment and resilient production activity make a near-term recession unlikely.

China NBS: June non-manufacturing business activity index 50.2%, up 0.1 percentage point MoM; non-manufacturing activity showed a modest rebound.