China A-share Tencent Cloud-related names opened lower and then rallied; Ruijie Networks jumped over 11% and Huaqin Technology rose more than 8%, with Hongjing Technology, Digital China and Century Huatong also higher. Tencent Cloud executives said at a World Artificial Intelligence Conference subforum they will deploy domestically produced compute at scale to minimize inference costs.

Nuveen global strategist Laura Cooper says that after June’s rate hike the ECB is likely to hold rates at this week’s meeting while retaining a tightening bias. She warns the bank remains open to further tightening if renewed tensions push energy prices higher. Cooper notes disinflation has been stronger than feared: PMI price components show little sign of re‑acceleration and producer‑price data confirm fading upstream cost pressures, which support a pause. The key risk is renewed commodity‑supply disruption that could rekindle energy‑price pressure just as the ECB gains confidence in the disinflation path.

美國總統特朗普：（談及胡塞封鎖）我們拭目以待。