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US will not complete scheduled deliveries of crude oil into the SPR until the end of year

European Central Bank’s Piero Cipollone will speak on Friday

South Korea government holds emergency meeting on household debt

Tokyo June 2025 headline CPI +3.1% y/y (3.3% expected)

Japan May unemployment rate 2.5% (expected 2.5%)

Goldman Sachs on oil, sees Brent $90 if interruption of trade through the Strait of Hormuz

Japan May retail sales +2.2% y/y (expected +2.7%)

JP Morgan expects more USD weakness could encourage greater diversification into EM assets

US Commerce Secretary Lutnick has said a US-China trade deal was signed two days ago

US Com Secretary Lutnick announced the deal with China that was reached in Geneva in May!

White House official dials it all back – its not a deal, its just an ‘understanding’

Macron: If US 10% tariff stays, Europe will respond by imposing an equivalent on US firms