Fed's Beige: Overall prices rose modestly; nine Fed districts reported moderate price increases, two reported strong increases and one reported a slight increase. Price growth in all districts was the same or slower versus the prior reporting period.

China NBS: In June, first‑tier cities' new‑home sales prices rose 0.1% MoM, 0.1ppt slower than May. Shanghai, Guangzhou and Shenzhen rose 0.3%, 0.2% and 0.3% respectively; Beijing -0.3%. Second‑tier new‑home prices were flat MoM (from -0.1% in May). Third‑tier new‑home prices fell 0.3% MoM, a 0.1ppt smaller decline than May. Of 70 large/medium cities, 20 saw MoM gains in new‑home prices, up four cities and the most since May 2025. Second‑hand home prices in first‑tier cities rose 0.3% MoM (0.1ppt slower): Beijing +0.1%, Shanghai +0.4%, Guangzhou +0.4%, Shenzhen +0.3%. Second‑tier second‑hand prices -0.3% MoM (0.1ppt wider); third‑tier second‑hand prices -0.4% MoM, unchanged. Among 70 cities, nine recorded MoM increases in second‑hand prices, down one city.

China June industrial value added (enterprises above designated size) +5.3% YoY; expected 4.7%, prior 4.5%.