State media reported Iran will hold funeral ceremonies for late Supreme Leader Ali Khamenei in Tehran, Qom and Mashhad.

China’s 20-city second‑hand residential market sold 141,000 units in May, down 9% MoM but up 19.3% YoY, with the YoY gain widening 6.3 percentage points from April. Year‑to‑date (Jan–May) transactions in the 20 cities total 629,000 units, up 4.4% YoY, indicating steady demand release. Adjusting for Spring Festival timing, resale volumes in the 14 weeks since the holiday are 13% higher than the same period in 2025. Core-city resale activity led the rebound: Beijing sold 16,000 second‑hand homes in May (+12.1% YoY) and Shanghai sold 28,000 (+30.9% YoY); both cities recorded near five‑year same‑period highs for a second consecutive month. Shanghai has expanded its second‑hand property acquisition pilot to all central urban districts, introducing market‑based acquisition pricing that may help stabilize valuations of older stock and support market confidence. Shenzhen’s end‑April property policy optimizations are beginning to take effect; May resale turnover there has returned to positive YoY growth.

Federal Reserve's HAMMACK says firmly committed to returning inf to 2%.