Hong Kong stocks pulled back; the Hang Seng Tech Index turned negative after an intraday rise of as much as 1.8%. The Hang Seng Index is currently up 0.6%.

Germany's seasonally adjusted May unemployment level and unemployment rate due in 10 minutes.

Guangzhou’s 15th Five-Year Plan outline prioritizes vehicle R&D and manufacturing for intelligent vehicles, pure electric, hybrid and hydrogen fuel-cell cars and directs expansion of industries for intelligent driving, the 'three-electric' system (battery, motor, electronic control), automotive-grade chips and other critical technologies and components. The plan designates multiple industrial projects including Panyu GAC Intelligent Connected New Energy Vehicle Industrial Park; Huadu Auto Electronics Industrial Park; Huangpu Xpeng Intelligent Connected Vehicle Ecological Industrial Park; Nansha Huangge International Auto City Industrial Park; Nansha New Energy Vehicle Manufacturing Base; Zengcheng Development Zone Auto Parts Industrial Park; Guangzhou Private Tech Park; and Conghua Auto Parts Industrial Park.