Canada wholesale inventories YoY April 9.4% vs prior 7.3%.

Monday — Data: Swiss May consumer confidence; euro-area Apr seasonally adjusted trade balance and IP month-on-month; Canada Apr wholesale sales; US June NY Fed manufacturing index, NAHB housing market index, May industrial production month-on-month; China May total electricity consumption YoY (publication tentative). Market impact: CNY600bn six‑month outright reverse repo matures; ECB President Lagarde speaks; G7 summit opens (to Jun 17). Tuesday — Data/events: China May retail sales and industrial production (industrial value added); BOJ and RBA rate decisions (market watching for a BOJ hike); German/euro ZEW; US ADP payrolls, May housing starts and permits, import PPI. China releases NBS monthly housing price report; BOJ and RBA hold post-decision pressers (Deputy governor Uchida and RBA chair Bullock scheduled). Wednesday — Data: US API/EIA oil inventories, May retail sales, pending home sales, Apr business inventories; UK May CPI and RPI; euro-area May final CPI. Events: IEA monthly oil market report; Lujiazui Forum (Jun 17–18). Thursday — Macro/policy: FOMC decision and SEP, Fed chair Warsh’s first post-meeting press conference (market-moving for US rate-path and dot plot); US initial jobless claims, Philly Fed, Conference Board leading indicators; EIA gas inventory. Europe: SNB and BoE rate decisions and minutes; UK unemployment data; euro-area Apr adjusted current account. China: May share of RMB in global SWIFT payments published. Domestic fuel price adjustment window opens. Note: major domestic exchanges suspend night trading. Friday — Data/market structure: US Baker Hughes rig count to Jun 19; Japan May core CPI; Germany May PPI; UK public borrowing and retail sales; Canada Apr retail sales. Market hours: NYSE, HKEX and Taiwan exchanges closed; CME and ICE to close select futures early (Beijing time Jun 20: CME metals/energy/FX/index/Treasury futures end 01:00; ICE Brent ends 01:30); mainland equity and domestic futures markets closed.

Iranian Foreign Minister: The first round of talks will be held after Iran and the United States sign a memorandum of understanding.