Canada April retail sales MoM +0.5% vs 0.6% expected; prior +0.9%.

Hostilities between the U.S. and Iran may be paused, but the contest over who prevailed is starting. Both sides cast the June 17 memorandum of understanding signed by their leaders as a victory. Analysts say Iran won new sanctions relief and reconstruction financing and therefore holds the upper hand; the U.S. secured reopening of the Strait of Hormuz — which had been operating normally before the conflict — and concessions on Iran’s nuclear program that Tehran had already made. The White House circulated talking points to allies to present the pact as a political win.

日本央行會議紀要：成員們一致認爲，未來加息的時機和步伐將取決於日本央行基準預測實現的可能性以及經濟增長和價格的風險。