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The final reading of the Eurozone services PMI for May was 47.7, below the expected 46.4 and the previous reading of 46.4.
2026-06-03
The final reading of the Eurozone services PMI for May was 47.7, below the expected 46.4 and the previous reading of 46.4.
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2026-06-03
The PBOC released May liquidity operations showing net open-market government bond injections of 50 bln yuan. Dongfang Jincheng chief macro analyst Wang Qing said ample market liquidity and no need for large-scale long-term injections explain the low
The PBOC released May liquidity operations showing net open-market government bond injections of 50 bln yuan. Dongfang Jincheng chief macro analyst Wang Qing said ample market liquidity and no need for large-scale long-term injections explain the low net operations, reflecting the central bank’s flexible use of open-market tools to guide market rates around the policy rate. Market participants note the PBOC is deploying a wider range of liquidity tools with greater flexibility, maintaining policy direction while switching between a 'withdraw-first-then-release' rhythm and 'peak-shaving/valley-filling' adjustments. Wang expects China’s 10-year government bond yield to trend lower amid evolving geopolitics, slower international oil price gains, cooling domestic inflation expectations and volatile April macro data — a factor behind May’s small net injection. He adds that if the 10-year yield falls below 1.7%, further cuts to net bond-trading injections or a pause in open-market government bond trading is possible.
2026-06-03
According to Iranian media reports, the Iranian Revolutionary Guard stated that the attack was retaliation for the United States' use of an air-to-air missile to strike an Iranian oil tanker near the Strait of Hormuz, damaging its cabin.
According to Iranian media reports, the Iranian Revolutionary Guard stated that the attack was retaliation for the United States' use of an air-to-air missile to strike an Iranian oil tanker near the Strait of Hormuz, damaging its cabin.
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