U.S. API Cushing crude stocks -982,000 barrels in week to June 19; prior -1.523 mln barrels.

ABS data show Australia’s May CPI fell 0.7% MoM and slowed to 4.0% YoY from 4.2% (market had expected -0.4% MoM, 4.3% YoY). Declines in fuel costs and holiday travel demand pressured the headline print. Excluding volatile items, core inflation rose 0.4% MoM (vs 0.3% expected), lifting the annual core rate to 3.6%. The RBA has raised rates three times this year; with core inflation above the 2–3% target range, further tightening cannot be ruled out.

Daiwa Securities upgraded Geely Auto (00175.HK) to Buy from Hold and raised its target price to HKD27 from HKD23.7. The broker cites brand up‑marketing and overseas expansion as drivers of earnings. Daiwa lifted its 2026–28 sales forecast by 1.2%, attributing the revision to overseas expansion and strong order momentum for the Zeekr 9X. It also raised 2026–28 average selling price forecasts by 5–6% and lifted gross margin assumptions by 0.3ppt. Overall, Daiwa increased its 2026–28 revenue forecasts by 6–8% and net profit forecasts by 12–16%.