US Redbook weekly retail sales YoY for the week to May 30 9.0% (prev. 9.0%).

Nansha district, Guangzhou issued implementation opinions to boost the local property market. It will provide a trade‑in for new‑home subsidy for individuals who participate in Nansha’s housing trade‑in program between Jan. 1, 2026 and Jun. 30, 2027: a one‑time subsidy equal to 1% of the purchased new commodity residence price, capped at RMB20,000 per unit; total subsidy pool RMB30 mln, distributed until exhausted. The district will conditionally explore allowing purchases of commercial/office properties to qualify for school enrollment. The district will normalize home‑purchase based school enrollment: completion of online contract signing (net‑signing) will suffice for coordinated enrollment. The district education authority will annually allocate district public school starting‑grade compulsory education seats to non‑district residents who buy new residential units in the district, including government‑purchased private‑school seats.

FOMC voting member and Cleveland Fed President Hamak will speak on monetary policy in 10 minutes.