ECB President Lagarde said she is beginning to see the energy shock spreading across the economy.

An Italian historian said US-Iran negotiations are likely to repeatedly falter so long as Israeli prime minister Netanyahu remains in office. He said Netanyahu will not allow an end to the war at least before Israel’s October election, and predicted talks will break down every few days or weeks as Netanyahu seeks to cement an indispensable wartime-leader image. The academic added that Trump has been a key enabler of Israel’s right wing and that last week’s leaked call and related events were largely a show to signal Trump’s continued influence over Netanyahu.

As of June 10, margin-financing balance on the Shanghai Stock Exchange was 1,447.858 bln yuan, down 43.65 bln yuan from the previous trading day; Shenzhen was 1,401.181 bln yuan, down 37.26 bln; combined mainland balance 2,849.039 bln yuan, down 80.91 bln yuan.