ECB Governing Council member Moulin said he was satisfied with the baseline scenario.

India oil minister Puri said on Thursday India needs to expand oil and fuel storage capacity during periods of low prices and step up communication with bilateral partners. He said total crude stocks at ports, jetties, refineries and strategic petroleum reserves currently cover only 76–80 days and New Delhi "should store more." Commenting on the Gulf crisis, Puri added the government has learned lessons and will work to increase storage capacity.

CITIC Securities says June 2026 US unemployment was 4.2%, below expectations, and nonfarm payrolls also missed. Leisure and hospitality — a May jobs contributor — dragged June nonfarm; unadjusted employment in the sector still rose but weaker-than-normal month-on-month gains produced a negative seasonal adjustment. The unemployment drop was aided by a fall in labor force participation; a sharp one-month decline in 25–54 prime-age participation may be World Cup-related and should not be read as a structural trend. Wage growth remains elevated, implying persistent inflationary pressure. Markets pared rate-hike pricing after the print, but the underlying nonfarm strength is not enough to prompt expectations of materially easier liquidity. CITIC maintains its view that the Fed will hold rates unchanged this year and judges there is still downside risk to market rate-hike expectations.