德国总理默茨：加拿大潜艇交易将创造1,000亿欧元的价值。

China NBS data: In June, producer prices for production materials rose 5.5% YoY, contributing about +4.28 ppt to the headline industrial PPI. By sector: mining +16.5% YoY, raw-materials industry +8.6% YoY, processing/manufacturing +3.0% YoY. Consumer goods prices declined 0.9% YoY, subtracting about -0.20 ppt from headline PPI; within consumer goods: food -2.1% YoY, clothing -1.0% YoY, general daily goods -1.0% YoY, durable consumer goods +0.1% YoY.

Citigroup economist Jin-Wook Kim says the Bank of Korea will raise the policy rate from 2.50% to 2.75% at next week’s meeting and is likely to signal a gradual hiking path. He expects the governor to indicate 25bp hikes each quarter in H2 2026 while remaining data-dependent and offering no specific guidance for H1 2027. Citigroup forecasts further hikes in July and October this year and in January and April next year. Kim adds the Bank may flag upside risks to its 2026 growth forecast after an upward revision to Q1 growth and resilient Q2 activity.