German Mechanical Engineering Industry Association: Orders in Germany's engineering sector rose 10% YoY in Mar–May; domestic orders +3%, export orders +13%.

Sources told Semafor the Trump administration is expected to launch a "Trump account" next week, but will not initially provide any mechanism allowing firms to host or migrate children's savings accounts on its platform. Fintechs including Chime, Empower, Fidelity and SoFi had sought swift U.S. Treasury approval to "migrate" those accounts from the app the Treasury developed with BNY Mellon and Robinhood to their own platforms to capture early user flows; one source said firms now expect guidance no later than August.

On July 2 local time, Kyiv mayor Klitschko said early-morning missile strikes on the Ukrainian capital killed 10 people. Kyiv military-civil administration head Tkachchenko said 56 people were injured. A series of loud explosions was heard across Kyiv; Klitschko attributed the strikes to Russian forces.