Switzerland Q1 GDP annual rate 0.5% (exp. 0.5%), prior 0.7%.

Phil Smith, deputy director of economics at S&P Global Market Intelligence, said Germany’s manufacturing rebound stalled in May, confirming PMI signals that growth driven by front-loaded orders may fade. New orders fell for the first time this year amid high uncertainty and surging prices, while manufacturing input-cost pressures continued to rise. Output price inflation was broadly unchanged from April as weak demand led some firms to be more cautious on pricing.

UK Foreign Secretary Cooper said Israel’s military escalation in Lebanon has caused civilian casualties and displacement, destroyed infrastructure and constrained diplomatic space. He said Hezbollah must stop attacks on Israel and disarm, and all parties should respect a ceasefire and sincerely engage in negotiations.