ECB President LAGARDE said she has observed a degree of de-anchoring in inflation expectations.

On the 21st, a member of Iran’s negotiating team said a draft exemption for oil sanctions has been finalized and will be issued soon. Administrative steps to unfreeze Iran’s frozen funds are underway with participation from a Qatari delegation.

China's Ministry of Transport said for June 15-21: national railway freight 80.742 mln t, down 0.46% w/w; national expressway truck movements 50.311 mln, down 8.55% w/w; monitored ports handled 262.188 mln t of cargo, down 1.51% w/w, and 6.854 mln TEU of containers, up 2.54% w/w; civil aviation operated 116,000 flights, including 5,266 cargo flights (3,382 international, 1,884 domestic), up 4.1% w/w; postal and courier pickups about 4.084 bln items, down 1.04% w/w, deliveries about 4.114 bln items, down 1.22% w/w.