The Fed chair's first Sintra panel concluded with scant policy signals. He said prices remain too high but that near-term inflation risks have eased. He told investors any balance-sheet changes would be deliberate, offered little on the current economic outlook and gave no interest-rate guidance. US Treasuries rallied after the session; the 2-year led, with yields down about 3bps to 4.14%.

Prime Minister Mikhail Mishustin signed a government order on June 30 to temporarily suspend, from July 1, passage of people, vehicles, goods and cargo at a series of border crossings with Latvia, Finland and Estonia. The foreign ministry will notify the three governments on July 1. The order did not state a reason for the closures.

June ISM manufacturing index fell 0.7 points to 53.3, marking a sixth consecutive month of expansion and remaining near a four‑year high; readings above 50 indicate expansion. The sector is in its longest expansion run since 2022. The ISM prices‑paid subindex dropped 9.1 points to 73 — the largest monthly decline since July 2022 — as war-driven input‑cost pressures eased after a temporary US‑Iran agreement pushed oil prices sharply lower.