Emirates Airline president expects oil prices to gradually fall back to a range in the mid-$60s to low-$70s per barrel.

BlackRock Investment Institute said it remains bullish on AI-related assets and maintains an overweight position in US equities. The firm favors infrastructure and equipment that support AI buildout—semiconductors, power systems and data centers—saying these areas will benefit regardless of which companies prevail. It cited resilient earnings growth and expects AI to continue lifting corporate profits. In emerging markets, BlackRock favors countries that make critical AI components and commodity exporters likely to gain from higher energy and raw-material prices. It urged investors to focus on companies’ business models and revenue drivers rather than the location of their stock listings.

Japan May M2 money supply YoY 2.5% (prev. 2.3%).