UN Security Council holds meeting on Iran's nuclear programme.

Shanghai Gold Exchange Gold T+D closed up 0.65% at 896.8 yuan/gram on July 10 (Friday); Silver T+D closed up 2.75% at 14,624.0 yuan/kg.

Allianz chief adviser Mohamed El-Erian said Japan's finance minister Katayama identified as a priority encouraging households and pensions, including the Government Pension Investment Fund (GPIF), to raise allocations to Japanese financial assets. Katayama's comments pushed the 10-year JGB yield down about 9bps and the yen up roughly 0.5% in Tokyo trade. If this marks a reorientation of Japan's large portfolio—still a significant uncertainty—the immediate market question is which overseas holdings would be pared first.