Bei Chen Lin, senior investment strategist at Russell Investments, said in a note that June employment growth is expected to remain strong, meaning inflation is likely to stay the primary determinant of Fed policy. He added that, given recent rises in M&A, IPOs and debt issuance, markets should watch for an acceleration in financial‑services employment. The June jobs report is due Thursday.

马来西亚经济部长：政府正在准备人工智能治理法案，以规范人机未来。

Six people said the European Central Bank is considering raising the minimum reserve banks must hold in non-interest-bearing accounts from 1% to 2% of customer deposits and other funding sources. The move is aimed at cutting the ECB’s interest expenses from paying interest on excess deposits, absorbing surplus liquidity and easing side-effects of its anti-inflation policy. Officials said it would help cash-rich national central banks such as Germany’s Bundesbank reduce losses tied to interest paid on deposits that exceed legal requirements. Excess deposits have swelled to trillions of euros since the ECB’s bond-buying programmes. The proposal is under early internal discussion and will be revisited in this year’s framework review; a decision is expected before autumn and the Governing Council has not formally debated it.