SpaceX U.S. shares rose more than 10% in pre-market trading.

Axios reports three sources say CIA Director John Ratcliffe told Trump and other senior officials that, based on collected intelligence, Iran is unlikely to make the nuclear concessions the US is seeking in any final deal. Ratcliffe was not the only skeptic: Secretary of State Rubio and Defense Secretary Hegseth privately raised concerns, while Vice President Pence and envoys Witkoff and Kushner supported the agreement. Ahead of a Sunday announcement, senior officials reviewed intelligence showing discrepancies between Iranian internal discussions and their statements to mediators and the US, leading Ratcliffe and Rubio to conclude Iran probably would not accept the US’s demanded nuclear measures.

China National Bureau of Statistics: Jan-May new commercial housing sales area 313.2 mln sq m, down 10.8% YoY; residential sales area down 12.1%. New commercial housing sales value CNY 2,936.6 bln, down 13.5%; residential sales value down 14.1% YoY. Developers’ building construction area 5,487.8 mln sq m, down 12.3%; residential construction 3,808.3 mln sq m, down 12.6%. New starts 179.3 mln sq m, down 22.6%; residential starts 130.8 mln sq m, down 23.4%. Completions 140.9 mln sq m, down 23.4%; residential completions 100.0 mln sq m, down 25.0%. At end-May, inventory for sale 771.8 mln sq m, down 0.4% YoY; inventory under three years 571.5 mln sq m, down 2.8%.