UK May three-month average YoY growth in regular pay excluding bonuses 3.4% (exp. 3.4%; prev. 3.4%).

Hungary's central bank said global oil and European gas prices have risen recently.

Indian refiners are helping Russian exporters absorb record crude supplies, with large volumes routed to the South Asian market. Vessel-tracking data show India ports received Russian crude at an average of more than 2.3 million bpd last month; deliveries July-to-date are near that level. Where shipments were nearly zero before the Russia-Ukraine war, India has become a major buyer, easing seaborne build-ups. US sanctions still target some major Russian producers, but buyers continue to source Russian crude and exports have risen since sanctions introduced late last year, often via intermediaries.