Eurozone May industrial production MoM due in 10 minutes.

Spain's economy minister said the country will remain a firm partner of Ukraine, continue supporting reconstruction, promote cooperation and boost Spanish firms' participation in strategic recovery projects.

At a State Council press briefing PBOC spokesperson and deputy governor Zou Lan said the central bank’s 1H tool injections effectively offset a c.1 tln yuan liquidity shortfall from reserve requirement payments and cash issuance; the money-market overnight rate DR001 averaged 1.31% in the first six months and overall conditions were stable. To better meet banks’ short-term liquidity needs and improve the precision and effectiveness of policy-rate control, the PBOC in late June added an overnight reverse-repo instrument to open-market operations and narrowed the operating-rate band for temporary repos/reverse repos from 70bps to 50bps. The central bank also launched an offshore central-bank repo tool to facilitate RMB liquidity management and RMB bond allocation by overseas central-bank-type institutions and has completed its first operation.