UK May core CPI YoY 2.6% (consensus 2.7%; April 2.5%).

CITIC Securities says a reversal in Hong Kong stocks is likely and recommends five positioning themes: 1) high‑growth tech — Hong Kong has advantages in the token economy ecosystem and robotics, plus exposure to batteries, commercial space and brain‑computer interfaces; 2) dividend‑diffusion trades — defensive, bond‑like high‑dividend sectors (property management, telecoms, power) and ‘broad dividend + high growth’ names (cyclical energy on an upcycle, high‑yield food & beverage, diversified financials); 3) industrial metals with constrained supply, state strategic stockpiling and demand support from AI deployment and electrification; 4) exporters and overseas‑expansion chains that could see margin recovery if China‑US relations stabilize and trade frictions ease; 5) healthcare — innovation drugs entering a data‑intensive catalytic phase and CXO (contract service providers) benefiting from reinforcing competitive barriers.

Chile's central bank raised its 2027 average copper price forecast to $5.20 per lb from $5.10 previously.