On June 1, sources said Israel's expansion of military operations in Lebanon was coordinated with the United States. An Israeli official said the decision to strike Beirut's Dahiyeh was made after consultation with Washington, and that US Secretary of State Rubio had been pushing for a ceasefire but Hezbollah's refusal to cooperate led the US to stop opposing Israeli strikes on Hezbollah positions in Beirut.

Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) projects 2025/26 cotton production at 1.00 mln tonnes, down 16% from 2024/25. ABARES forecasts 2026/27 barley output at 14.10 mln tonnes (-15% vs 2025/26), canola at 6.20 mln tonnes (-20%), and wheat at 26.70 mln tonnes (-26%).

Shanghai municipal government office issued a notice on deepening the city’s global asset‑management centre, calling for faster product innovation. It instructs accelerating launch of LNG futures and options, completing R&D preparation for power and computing‑power futures, steadily expanding the shipping‑index futures lineup, and developing additional futures that represent new productive forces. The notice calls for promoting listing of Sci‑Tech Innovation 50, SZSE 100 and ChiNext index futures and options and government bond options; expanding standardized interest‑rate derivative underlyings and tenors and broadening equity‑ and rate‑derivative offerings; and widening FX trading currencies and product series, exploring a pilot for RMB FX futures trading and enhancing FX hedging tools.