U.S. Philadelphia Fed manufacturing prices received index, June: 20.3 (prior 26.3).

ONS data hours before the Bank of England decision show May employment +2,000 versus economists' -23,000 forecast; April employment decline revised to -53,000 from -100,000. Three‑month unemployment to April eased to 4.9% and vacancies fell to their lowest since early 2021. Weaker‑than‑expected UK inflation yesterday and a US‑Iran ceasefire that helped push global energy prices sharply lower have together cooled market pricing for further BoE hikes. Markets largely expect the Bank Rate to be held at 3.75% later today.

Cumulative policy lending from January to May reached nearly 900 billion yuan, Zhang Xiaodong, vice chairman and president of the Agricultural Development Bank of China, said. He said improving the effectiveness and precision of inclusive finance requires institutions to focus on core mandates and coordinate roles: policy banks should lead by concentrating policy lending on infrastructure-poor, underdeveloped regions and weak links in agriculture and rural areas to lay the groundwork for subsequent industry development and commercial credit; large commercial banks and local small‑to‑medium banks should assume complementary, targeted roles to raise the efficiency and precision of financial resource allocation.