US stock futures extended gains after May PCE broadly matched expectations, reinforcing market hopes the Federal Reserve will not be overly hawkish. The Commerce Department reported May PCE +0.4% MoM (Refinitiv survey +0.5%); YoY +4.1% in line with forecasts. Core PCE rose 0.3% MoM, +3.4% YoY.

UBS expects Brent crude to remain at $85/bbl at end-September and end-December.

Mitsubishi UFJ senior FX analyst Lloyd Chan says the Thai baht and other Asian currencies are under pressure against the dollar as US interest rates are expected to remain higher for longer. He warns this is likely to create short-term downside for regional currencies, especially low-yielders, and the bank maintains a negative view on recent baht moves. Chan added that although the BOT expects stronger growth this year, concerns persist that expansion remains slow and uneven.