Guan Peng, director of the Fixed‑Asset Investment Department at the China State Planner, said at a State Council briefing on June 8 that the agency, together with the Ministry of Housing and Urban‑Rural Development, has been using ultra‑long special treasury bond funds to support renovation of aging urban gas, water supply, drainage, sewage and district heating networks. He said the China State Planner will continue to allocate ultra‑long special treasury bond funds to step up support for urban

Indonesia's Ministry of Trade posted on its website that the government has issued technical regulations to centralize coal and palm oil exports.

Guotai Haitong said stronger-than-expected May nonfarm payrolls reinforced signs of US labor-market stabilization and lifted market rate-hike expectations, triggering broad asset re-pricing: stronger dollar, sharp jump in US Treasury yields, steep falls in US equities and weaker gold. The firm sees significant internal division at the Federal Reserve and views a rate hike this year as unlikely, but warns June may bring temporary liquidity shocks that could leave US equities volatile for at least one to two months.