Al Arabiya TV, citing sources, said Pakistan's interior minister will travel to Iran to discuss ways to reach a US-Iran memorandum of understanding.

CSRC Chair Wu Qing told the China Securities Investment Fund Association’s 4th member meeting that frontier technologies such as artificial intelligence are driving deep change in fund industry business models and ecosystems. He urged firms to deepen innovation across products, services, operations and organization to better meet market demand, and to strengthen technology enablement by prudently and orderly exploring AI, big data and related tools to support investment research, client service and internal controls while accelerating digital and intelligent transformation. Wu called for differentiated development — large firms should raise overall competitiveness, while small and midsize firms should compete on specialization and core strengths rather than scale — and for stronger end-to-end risk controls over innovation. He said innovation pace and intensity must match management capability and vowed to crack down on pseudo-innovation, explicitly naming concept-driven hype, complex nested structures, excessive speculation and channel arbitrage as targets.

US May nonfarm payrolls posted robust gains, reviving concern about possible Fed rate hikes later this year and sending spot gold down more than 3% intraday. Capital Economics economist Stephen Brown said: 'Unless the labour market experiences a large-scale summer job-loss panic, the likelihood of the Fed implementing several rate hikes later in the year grows.' Stalled US‑Iran talks and renewed fighting in the Middle East have pushed oil higher and elevated inflation worries, reinforcing market expectations that rates may remain higher for longer.