Emirates president said the airline is consulting with relevant governments on easing travel advisories for Middle East airspace.

CHINA'S SHANGHAI COMPOSITE INDEX closed up 50.69 pts (+1.28%) at 4,010.03 on June 9. Shenzhen Composite rose 447.53 pts (+3.02%) to 15,268.71. CSI 300 INDEX gained 88.17 pts (+1.87%) to 4,801.81. CHINEXT INDEX advanced 149.96 pts (+3.93%) to 3,961.75. CHINA SCI-TECH INNOVATION 50 INDEX jumped 66.54 pts (+4.17%) to 1,663.11.

BofA global research forecasts US May headline CPI +0.46% MoM, lifting YoY to 4.2% from April’s 3.8% — the highest since April 2023 — driven by a renewed large rise in energy. Core CPI is seen at +0.20% MoM, 2.8% YoY. The bank attributes the call to modest core goods gains (+0.05% MoM), rents trending toward normalization and softer ex-rent core services. Markets will focus on how the CPI print informs core PCE; BofA notes core PCE has run above core CPI since last November, making this CPI release particularly relevant for policy outlook.