Italy's Prime Minister Meloni said that if Italy increases defense investment, those investments must remain in Italy.

US May wholesale inventories, final: +0.1% MoM vs +0.3% expected; prior +0.3%.

China’s Ministry of Civil Affairs in Beijing released Guidelines for the Construction and Management of an Urban–Rural Three‑Tier Eldercare Service Network, directing the creation of a full‑chain eldercare system covering home, community and institutions. The guidelines require integration of county‑level resources — including institutions that provide support to the most disadvantaged — and the establishment of comprehensive eldercare service management platforms at the county (city, district, banner) level to provide service demonstration, industry guidance and resource coordination. They mandate wider adoption of smart management: use of intelligent devices and data profiling to assess seniors’ conditions and needs, match services in real time and promote coordinated regional development of eldercare services so older people can access professional care locally.