RBNZ Governor Breman said over the next few weeks select inf data, together with labour-market readings, will be key reference points.

Iranian foreign ministry spokesman Ismail Baghaei said the U.S. president’s admission that he never believed the Islamabad agreement and regarded it as a waste of time demonstrates Washington’s disregard for its commitments. Baghaei called the conduct part of a long pattern of U.S. breaches, accused European states and other defenders of whitewashing American violations to evade accountability, and said breaches of international obligations cannot be justified or selectively enforced.

Reserve Bank of Australia governor Bullock said oil and related prices have jumped again and will materially boost inflation; short-term inflation expectations are elevated.