Algeria’s National Independent Electoral Authority on the 6th published preliminary counts from the election held on the 2nd for the People’s National Assembly, showing the ruling National Liberation Front (FLN) leading with 90 of 407 seats. These preliminary results are subject to review by the Constitutional Court, which will announce the final outcome.

SK Hynix said investors expressed interest in buying up to $7 billion of its American depositary shares.

US ISM services PMI edged down to 54 in June from 54.5 in May, marking the 24th consecutive month of expansion, the ISM services report showed. The business activity index fell to 55.4 from 57.7. The prices index declined to 67.7 from 71.3, slipping below 70 for the first time since February; it has stayed above 60 for 19 months and its 12-month average is 68. Diesel, gasoline and oil were again the most-cited input-price risers, though some respondents reported price declines—attributed to differing contract terms across firms—and a subset said gasoline and diesel purchase prices have fallen, not universally. The ISM committee said oil-price pass-through to supply chains is likely to persist for several months but could ease by autumn if recent improvements in Strait of Hormuz shipping hold.