ECB President LAGARDE said if rates are not raised, inf will remain above target over the medium term.

The 12th China (Shanghai) International Technology Import and Export Fair opened in Shanghai on June 11. Exhibitor participation topped 1,000 for the first time, with 15 projects debuting. Twenty-six overseas trade-promotion agencies and 74 foreign firms from countries including Germany and France are attending. Displays focus on robotics, precision manufacturing and digital solutions. The fair will issue more than 80 technology cooperation requests.

Trump said he has held direct talks with Iranian officials.