Brazil May industrial production fell 0.2% MoM (market expected +0.3%) and rose 0.2% YoY (expected +1.2%).

BofA says investors sold U.S. equities at the fastest pace since March. A Michael Hartnett-led team, citing EPFR Global, reports $17.2bn of outflows in the week to July 1 — the first weekly redemption in three months after strong inflows earlier this year. Flows favored international stocks: Japan saw the largest inflow in seven weeks at $1.9bn. Continued skepticism over AI-driven valuations weighed on chip names; the Philadelphia Semiconductor Index fell about 11% over the past two trading days.

Alberta provincial government: financing details for the proposed new West Coast oil pipeline remain under negotiation.