FCA: A higher court has ordered suspension of parts of an auto finance programme.

China A-share photoresist stocks rebounded intraday. Xingye Shares posted a "near-limit-up", marking four limit-ups in five sessions; Baihehua recorded two limit-ups in three sessions. Tianlong Group, Nanda Optoelectronics, Tongcheng New Materials, Gelinda and Xilong Science also rallied.

Previous AHE YoY +3.4%; Refinitiv consensus 3.5%. Most institutions forecast June AHE YoY +3.5%; notable deviations: Sparta Securities +3.3 (low), Citigroup, JP Morgan, Morgan Stanley, NatWest and Standard Chartered +3.4 (below consensus), Jefferies +3.6 (high). Previous AHE MoM +0.3%; Refinitiv 0.3%. Several major banks — Citigroup, Goldman Sachs, JP Morgan, Morgan Stanley — see MoM at +0.2%; the bulk of forecasters expect +0.3%; Mizuho projects +0.4%.