Iranian media on the 10th quoted the Khatam al-Anbiya Central Headquarters as saying Iran's army and the Islamic Revolutionary Guard Corps carried out heavy strikes on US bases in the Middle East in retaliation for what Tehran called US "aggression" against southern Iran, which it says the US justified using a helicopter crash.

花旗首席财务官：美国经济和消费者展现出了韧性。

China PPI rose 0.5% MoM in May, slowing 1.2 ppt from April. Industrial upgrading and equipment replacement pushed black metal smelting & rolling prices up 1.2% MoM. Accelerating electrification and AI-driven compute demand boosted nonferrous metal, electrical machinery and computer-related prices: nonferrous metal smelting & rolling +1.1% MoM (tin smelting +4.8%, copper smelting +3.1%); computer, communications & other electronic equipment manufacturing +0.6% (IC packaging & testing +2.9%; external storage devices & components +1.9%); electrical machinery & apparatus manufacturing +0.5% (optical fiber manufacturing +8.0%; wire & cable +1.2%). Seasonal demand supported additional sector gains. Volatility in international crude has transmitted to domestic industries, causing some prices to decelerate or shift from rises to declines.