Interfax reported Russian forces seized the settlement of Petro-Ivanivka in Ukraine's Kharkiv region.

China’s National Financial Regulatory Administration and the Shanghai municipal government issued measures to accelerate construction of the Shanghai International Reinsurance Center. The plan supports overseas reinsurers and reinsurance brokers using the Reinsurance Registration and Trading Center to solicit business and expand platform-based trading, aiming to increase foreign institutions’ participation in China’s reinsurance market. Authorities will speed optimization of on-exchange trading functions, standardize reinsurance contracts and billing, and build an efficient, transparent digital trading platform to improve registration, contract execution, accounting/clearing, funds settlement, note circulation and tax administration. The measures also call for an on-exchange trade performance management mechanism at the Reinsurance Registration and Trading Center and strengthened industry self-regulation.

US global supply-chain pressure index was 1.25 in June; prior reading revised to 1.81 from 1.77.