ADNOC said the agreement raises long-term contracted volumes at the Ruwais LNG project to over 90% of total capacity, with nearly 23% already committed to Japanese buyers.

Fed governor Waller said the US labor market has stabilized while inflation has re-accelerated, and that inflation risks now exceed employment risks—a full reversal from a year ago when weak jobs supported rate-cut bets. He said policy focus should shift back to containing inflation. Markets are focused on June CPI due July 14, the last major inflation print before the Fed's July 28-29 meeting. International oil has fallen to roughly $70/bbl, but Fed officials still expect year-end inflation to be materially above the 2% target. Markets price a hike by September at the latest; July hike probability is about 25%, and several officials have signaled further tightening.

Sources said Apple supplier Luxshare Precision plans to price its Hong Kong IPO at the upper limit of HK$63.28 per share, raising about HK$24.3 bln (around USD3.1 bln). The pricing was said to be roughly a 13% discount to its Monday close of HK$62.88. The offering comprises 383.5 mln shares and subscriptions closed early last Friday. If completed, the deal would exceed Shenghong Technology’s April HK$23.1 bln raise to become Hong Kong’s largest IPO this year.