NATO Secretary-General Rutte said the US-Iran agreement creates an opportunity to ensure Iran can never obtain nuclear weapons.

MHA analyst Joe Nellis says May annual inflation was unchanged at 2.8% YoY, below market expectations, making the Bank of England all but certain to hold rates at Thursday’s meeting. Nellis added that if the Middle East remains calm the BoE may not need to hike this year and inflation could stay below 4%, though inflation could still rise modestly in coming months even if tensions ease quickly.

Analysts say Kevin Warsh's influence is apparent in the latest Fed statement, with wording moving closer to the lower-transparency style used before the global financial crisis. They caution that reduced communication may damp short-term daily market volatility but could trigger larger, jumpy market moves if the Fed's policy reaction function or incoming economic data deviate from expectations.