China unveiled new financial policies to boost domestic consumption, employment, and growth. Measures include support for IPOs, bond issuance, consumer-focused ETFs, and liquidity-boosting tools like lower reserve requirements and open market operations.

U.S. 10-year yields stayed near a seven-week low at 4.29% as Fed Chair Powell signaled a possible July rate cut, stressing caution amid labor market concerns. Other Fed officials echoed openness to easing. The U.S.-brokered Israel-Iran ceasefire remained intact, easing oil prices. Intelligence reports say U.S. strikes delayed Iran’s nuclear progress by only a few months.

Japan’s 10-year yield held around 1.4% as the BoJ maintained a cautious stance, linking future hikes to inflation and growth. Bond purchases will be cut gradually from April 2026, with a mid-2026 policy review planned.

U.S. consumer confidence unexpectedly fell in June, with the biggest drop among Republicans, driven by rising concerns over tariffs and job availability.

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