France June composite PMI (final) 47.2, below 50 signaling contraction; consensus 47.6, prior 47.6.

The yen briefly hit its weakest level since 1986. More market-relevant than the level is that Japan has exhausted conventional policy levers yet the currency kept weakening: 1) rate hikes failed to stop the decline; 2) record defence spending did not support the yen; 3) repeated official warnings and calls for decisive action had no effect; 4) stabilising oil prices did not arrest depreciation. The common failure points to constraints in the global dollar funding system. When that system functions normally trade and credit expand, allowing currencies like the yen to appreciate; when it is strained, dollar scarcity hits economies exposed to global trade and dollar-priced imports regardless of domestic central bank policy.

Goldwind's Baldon wind-plus-storage project in Australia has secured grid-connection approval for generator performance standards (GPS) from the Australian Energy Market Operator (AEMO) and transmission operator Transgrid. Phase one is planned at 360 MW of wind capacity paired with 132 MWh of storage using Goldwind's DC-coupled wind–storage system, integrating turbines, batteries and control into a single design to boost operational flexibility and grid compatibility.