Fed Governor Barr's remarks will be released in 10 minutes.

CSC Financial, citing China Index Academy data, said average secondhand residential prices across 100 cities fell 0.32% MoM in May, a 0.14ppt improvement from April, and were down 7.99% YoY, a 0.35ppt narrowing. Shanghai secondhand prices have risen for three consecutive months, indicating the market is moving toward stabilization. This week Poly Real Estate won a Nanshan, Shenzhen residential parcel for 57.7 bln yuan at a 150.7% premium, setting a Shenzhen record floor price of 109,000 yuan/sq.m; CSC said demand for premium plots in core cities remains strong.

Pakistan Interior Minister Naqvi arrived in Tehran on the 6th and is expected to hold talks with Iranian officials. The visit is aimed at mediating and easing tensions between Iran and the United States; Naqvi is scheduled to meet Foreign Minister Abbas Araghchi on the 7th.