Mexico's benchmark stock index rose 1.5% in early trade, ending a six-day losing streak.

From June 11 China’s railway tourism multi-ride ticket has been extended to child travelers, with child fares set at 50% of the adult price and applied as an additional stacked discount. The upgraded product builds on the June 2023 adult multi-ride ticket: purchasers may select 2–10 one-way segments between designated stations, the ticket is valid for 15 days, and segment fares previously carried discounts down to 85% of the average same-route, same-class fare. China State Railway Group passenger revenue coordination director An Zhongwen confirmed the change.

Jefferies global economist Mohit Kumar says markets fully price a 25bp ECB hike tonight, which he expects will be the only move in this tightening cycle. The next potential window is September when new ECB staff forecasts are released. In an upside scenario—conflict ends and oil trades near $80—need for another hike would diminish; in a downside scenario—conflict persists, oil nears $100 and Europe approaches or enters recession—the ECB would be unlikely to raise rates consecutively during a recession.