Brazil's vice president said the government will seek dialogue to prevent a proposed U.S. tariff it deems unfair from taking effect.

Shanghai municipal government office issued a notice on deepening the city’s global asset‑management centre, calling for faster product innovation. It instructs accelerating launch of LNG futures and options, completing R&D preparation for power and computing‑power futures, steadily expanding the shipping‑index futures lineup, and developing additional futures that represent new productive forces. The notice calls for promoting listing of Sci‑Tech Innovation 50, SZSE 100 and ChiNext index futures and options and government bond options; expanding standardized interest‑rate derivative underlyings and tenors and broadening equity‑ and rate‑derivative offerings; and widening FX trading currencies and product series, exploring a pilot for RMB FX futures trading and enhancing FX hedging tools.

On June 2, Iraq's Shiite militia Justice Alliance said it will form committees to inventory personnel and weapons, sever ties with the Popular Mobilization Forces (PMF) and transfer weapons to unified state control. The Shiite Imam Ali Brigade issued a similar statement the same day, saying it will cut links with PMF bodies, immediately begin inventory and hand over weapons and equipment to state management. Iraq's parliament first deputy speaker Adnan Feyhan welcomed the Coordination Framework Alliance's earlier decision and the militias' announcement to disarm.