Iran is holding public farewell and mourning ceremonies for the late Supreme Leader Khamenei in Tehran from July 4 to July 6; attendance is expected at 15-20 million.

Allianz chief economist Ludovic Subran said US nonfarm payrolls were weak but he still expects inf to peak above 3.7% as AI, fiscal stimulus and the energy sector sustain growth, and that the Fed may have to hike in September, creating a US-Europe policy divergence. He expects the ECB not to follow up after last month’s insurance hike and warned Iran-related war scars will take time to materialize; the economy remains affected but is notably better than a few weeks ago.

烏克蘭總統澤連斯基：烏克蘭軍方襲擊了聖彼得堡附近的石油和軍事設施。